2019
DOI: 10.1080/00213624.2019.1557001
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Economization of Society: Functional Differentiation and Economic Stagnation

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Cited by 25 publications
(4 citation statements)
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References 77 publications
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“…In contrast to classical liberalism, which sought to establish a balance between the market and other spheres of society (including the state and civil society), Foucault claims, neoliberalism seeks to replace citizenship and all other forms of human participation in society with the atomistic, self-serving, and profit-maximizing homo economicus , and thus subsume society and all its parts under the hegemony of the market (see Brown, 2015: 17ff). This trend is almost identical to the process that several scholars have identified as economization: ‘a systemic societal process’ (Wentzlaff, 2019: 58) whose effects are manifest in several pervasive features of contemporary society, including a reorientation of policy in practically all domains ‘around economic interpretations of issues’ (Smith, 2007: 17; see also Berman, 2022) but also a discursive shift in broader society that reconstructs behaviors, organizations, and institutions as ‘economic’ (Callon, 1998) and makes the economy and all its constitutive parts the model for how to organize society as a whole and in all its parts (Hallonsten, 2023).…”
Section: What Is ‘Neoliberalism’?supporting
confidence: 58%
“…In contrast to classical liberalism, which sought to establish a balance between the market and other spheres of society (including the state and civil society), Foucault claims, neoliberalism seeks to replace citizenship and all other forms of human participation in society with the atomistic, self-serving, and profit-maximizing homo economicus , and thus subsume society and all its parts under the hegemony of the market (see Brown, 2015: 17ff). This trend is almost identical to the process that several scholars have identified as economization: ‘a systemic societal process’ (Wentzlaff, 2019: 58) whose effects are manifest in several pervasive features of contemporary society, including a reorientation of policy in practically all domains ‘around economic interpretations of issues’ (Smith, 2007: 17; see also Berman, 2022) but also a discursive shift in broader society that reconstructs behaviors, organizations, and institutions as ‘economic’ (Callon, 1998) and makes the economy and all its constitutive parts the model for how to organize society as a whole and in all its parts (Hallonsten, 2023).…”
Section: What Is ‘Neoliberalism’?supporting
confidence: 58%
“…There are many reasons behind all this. Historical developments in the world economy-most of all the end of the postwar economic boom and the broad downturn in the 1970s, followed by globalization, digitalization, and new competition from faraway labor markets-made competition and renewal into key priorities in industries and national economies alike, and economic growth into the highest priority of government policy (Kuttner 1999;Wentzlaff 2019;Berman 2022). Meanwhile, not only private actors but also governmental and supra-governmental agencies have their own interests to guard , among which are attention and funding for their specific areas.…”
Section: Innovationismmentioning
confidence: 99%
“…It describes the conglomeration of the influence that economic entities have to affect and/or transform the behavior of individual or collective entities or the predominant logic in other systems (i.e., the political or societal sphere). The economization of the life‐worlds (i.e., expansion of the economic logic into multiple non‐economic spheres) and the borders of economic logic are frequently problematized in the business ethics discipline (e.g., Manzeschke, 2011; Polanyi, 2010; Sandel, 2013; Ulrich, 2008; Wenzlaff, 2019).…”
Section: Corporate Powermentioning
confidence: 99%