Geographies of exchange and circulation: constructions of markets

Kurzfassung/Abstract

Although markets are at centre stage in capitalist
processes of circulation and exchange, they have rarely been
made an object of study. In this paper we distinguish three
heterodox approaches. (1) Socioeconomics points out that
concrete markets cannot be separated from their social
context. Markets are dissolved in social networks and
socialized. (2) Political economy investigates how the
market model is confused for real markets by market
participants. The market is represented as a destructive
force. (3) Cultural economists point to the practical
self-realization of economic knowledge and argue that the
abstract market model is performative.