Making market rationality: material semiotics and the case of congestion pricing in New York City

West, John H.

doi:10.1080/02723638.2016.1206711

Cited by 3 publications

(3 citation statements)

References 19 publications

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“…If those financial values are useful for the urban analysis, they also deserve to be questioned and interpreted (Green et al, 2015). West (2017) discusses, for instance, how market rationality can offer a platform for political debate, whereas Guironnet et al (2016) invites readers to critically analyze the implicit adjustments of urban space to the requirements of the financial markets. This monocentric view of the financial values can be criticized as Zhong et al (2017) does, by documenting the fact that human activity patterns may tend toward polycentricity.…”

Section: Centrality As a Perceptionmentioning

confidence: 99%

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Is quality central? Perceived quality, monocentricity, and financial assumptions

Andriot,

Larceneux,

Simon

2024

JERER

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PurposeIn this article, the aim is to document the divergences/convergences between the market perceptions of quality and the financial estimations for office buildings relative to the notion of centrality and the distance to the central business district (CBD).Design/methodology/approachBased on a hierarchical approach that decomposes and estimates the perceived quality of buildings from the stakeholders’ perspectives, we study the geographies of perceived quality measures in the Greater Paris Metropolis and compare them to the financial geography.FindingsThe perceived location quality decreases with distance from the CBD whereas judgments on the built structure and the workplace do not, exhibiting a ring-shaped pattern. The gradient of the components of the perceived quality are heterogeneous, having positive, negative or null values. Appraisers tend only to consider the quality of location in their estimations.Originality/valueThis article raises the issue of fair spatial judgments by appraisers and the financial market. Monocentricity is not the rule in the market perceptions of quality. It suggests that financial estimates are strongly biased, with mental representation of centrality as a judgmental heuristic.

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Section: Centrality As a Perceptionmentioning

confidence: 99%

“…, 2015). West (2017) discusses, for instance, how market rationality can offer a platform for political debate, whereas Guironnet et al. (2016) invites readers to critically analyze the implicit adjustments of urban space to the requirements of the financial markets.…”

Section: Literature Reviewmentioning

confidence: 99%

Is quality central? Perceived quality, monocentricity, and financial assumptions

Andriot,

Larceneux,

Simon

2024

JERER

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“…In their empirical work they examined how specific scientific and technical changes were constructed through heterogeneous relationships between human and non-human actors (Latour, 2004;Law, 2006Law, , 2009Callon et al, 2009). They argued that knowledge, technology and even abstract concepts like the economy efficiency, democracy or, in our case accountability, can be usefully interrogated by examining the human-technology relationships that produce them (Latour, 2002;Mitchell, 2011;West 2016). Indeed an important metaphor for these theorists is the cyborg, ''a fantastical combination of bodies and machines'' that, according to Gandy (2005) produces new kinds of agency.…”

Section: Introductionmentioning

confidence: 99%

Data, democracy and school accountability: Controversy over school evaluation in the case of DeVasco High School

West

2017

Big Data & Society

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Debate over the closure of DeVasco High School shows that data-driven accountability was a methodological and administrative processes that produced both transparency and opacity. Data, when applied to a system of accountability, produced new capabilities and powers, and as such were political. It created second-hand representations of important objects of analysis. Using these representations administrators spoke on behalf of the school, the student and the classroom, without having to rely on the first-person accounts of students, teachers or principals. They empowered one group-central city administrators-over another-teachers and principals. After analyzing the form these policies took, this article concludes that it is necessary to rethink the processes that create visibility and invisibility. Public data obscured the voices, experiences and collective traumas of students and faculty within the school. A narrow focus on activities within the schools rendered invisible the structural decisions made by the Department of Education in New York City-to favor small schools over large, comprehensive ones. In order to create understanding, and a sense of common purpose, those who are spoken for in simplified data must also be given the opportunity to debate the representations of their performance and quality.

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“A marketplace of schools”: race, power, and education reform in the Detroit region

Cohen

2020

Urban Geography

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Over the past several decades market-based systems have increasingly been used to govern the delivery of schooling and other urban services. Drawing on insights from the geography of markets, this paper investigates how marketbased policies such as interdistrict choice and charter school programs have reshaped the delivery of publicly-funded schooling in the Detroit region. Through doing so it explores how these market systems are made to align with the interests of actors who advance market structures that rework (rather than remake or challenge) existing patterns of wealth and racial power. As described in this paper, such market systems must be understood as shaped by the economic, political, and social contexts they emerge from, with Detroit's regional context of racial segregation and anti-Blackness a key element in the creation of new market institutions governing schooling. Understanding markets in this manner allows for new insights into how the articulation of market logics with urban geographies shapes the lives of those who depend on urban services.

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Making market rationality: material semiotics and the case of congestion pricing in New York City

Cited by 3 publications

References 19 publications

Is quality central? Perceived quality, monocentricity, and financial assumptions

Is quality central? Perceived quality, monocentricity, and financial assumptions

Data, democracy and school accountability: Controversy over school evaluation in the case of DeVasco High School

“A marketplace of schools”: race, power, and education reform in the Detroit region

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