On going the market one better: economic market design and the contradictions of building markets for public purposes

Nik-Khah, Edward; Mirowski, Philip

doi:10.1080/03085147.2019.1576431

Cited by 31 publications

(22 citation statements)

References 44 publications

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“…If the work involved in market (MacKenzie, 2003; Mirowski and Nik‐Khah, 2007; Nik‐Kha and Mirowski, 2019) or policy design (Carstensen, 2011; Freeman, 2007; Stone, 2017) has been recognized as bricolage, less has been said about how users cope with the effects of policy implementation. Our findings suggest that the notion of bricolage applies equally well to the users as to the designers of policy.…”

Section: Resultsmentioning

confidence: 99%

“…Even in cases where economists portray themselves as market engineers or designers (Roth, 2012), translating economic models into solutions that address societal challenges, we should regard them as bricoleurs, working in alliance with others and cobbling together a variety of materials to suit the task at hand (MacKenzie, 2003; Nik‐Kha and Mirowski, 2019). MacKenzie and Guerra (2014, p. 157) suggest that ‘… successful innovation is nearly always bricolage: the creative, ad hoc re‐use of existing resources (ideas and other cultural resources as well as artefacts), not the mechanical implementation of a grand plan nor simply logical deduction from existing scientific theory’.…”

Section: Performing the Marketization Of The Nhsmentioning

confidence: 99%

“…Henriksen (2013b) suggests bureaucracies face different accountability criteria than markets, and new devices will often need to acquire legitimacy in a wider professional–scientific community before they migrate to policy settings. As is the case of economists involved in finance (MacKenzie, 2003) or market design (Mirowski and Nik‐Khah, 2007; Nik‐Kha and Mirowski, 2019), policymakers are often portrayed as pragmatists, combining ideas culled from a variety of sources rather being than wedded to specific models or theories, a process described as epistemological or policy bricolage (Campbell, 2005; Carstensen, 2011; Freeman, 2007; Stone, 2017).…”

Section: Performing the Marketization Of The Nhsmentioning

confidence: 99%

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Implementing Marketization in Public Healthcare Systems: Performing Reform in the English National Health Service

Mason

Araújo²

2020

British J of Management

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To implement marketization in public healthcare systems, policymakers need to situate abstract models of prescriptive practice in complex user settings. Using a performativity lens, we show how policy processes attempt to bring about the changes they presume. Investigating the implementation of the Health and Social Care Act 2012, and the development of policy instruments and 'Clinical Commissioning Groups', we explicate the performance of a marketization programme. Our longitudinal study of the interactions amongst the multiple constituencies the Act attempted to enrol, and the existing sociotechnical arrangements the Act aimed to change, generates three contributions: (1) we characterize the performativity of policy instruments as a process of bricolage that incorporates the principled attitude of making do on both sides -those who design the policy and those who are charged to implement it; (2) we identify the mechanisms through which the performativity of an envisioned model of marketization operates at multiple scales within a complex and highly distributed system of provision; and (3) we document and explicate why specific performances result in misfires and unintended outcomes. In short, we conceptualize policy performativity as a non-linear, dynamic process where theories and their effects are constantly being assessed, reconfigured and fed back into policymaking and implementation.

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Section: Resultsmentioning

confidence: 99%

Section: Performing the Marketization Of The Nhsmentioning

confidence: 99%

Section: Performing the Marketization Of The Nhsmentioning

confidence: 99%

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Implementing Marketization in Public Healthcare Systems: Performing Reform in the English National Health Service

Mason

Araújo²

2020

British J of Management

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“…As market designers and ‘choice architects’, they have helped to transform parts of economics into a ‘practice field’, one that engages in the active engineering of markets. From this perspective, the problem is information, a question of how markets can be designed in such a way that they are capable of processing ever-larger quantities of data, as well as ‘nudging’ deficient human subjects in accordance with their real preferences, and socially optimal outcomes, under conditions of incomplete knowledge (Frankel et al., 2019; Lash and Dragos, 2016; Nik-Khah and Mirowski, 2019).…”

Section: Market Scriptsmentioning

confidence: 99%

“…A further way in which marketization often transgresses established market borders can be found in the case of what have come to be known as ‘markets for collective concerns’ (Frankel et al., 2019; Ossandón and Ureta, 2019) or ‘markets for public purposes’ (Nik-Khah and Mirowski, 2019). Markets have always been adventurous, rarely demonstrating timidity when it comes to the exploration or colonization of previously unchartered terrains.…”

Section: Overflowing Marketsmentioning

confidence: 99%

M/market frontiers

2020

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This theme issue originates from an invitational workshop on the spatiality and diversity of markets, convened at the Karl Polanyi Institute of Political Economy in Montreal in 2017. Workshop participants, regardless of their disciplinary backgrounds and diverse research interests, shared a conviction that markets should be analysed in their plural and hybrid forms, as social and political constructs always 'in making'. In contrast to more orthodox conceptions of markets as free-standing entities, discrete institutions or ideal types, this was translated into an imperative to centre 'marketization', along with attendant processes of market re/construction. While this was interpreted as a positive research programme, if a challenging and quite radically open one, there was also an underlying concern. The concern was that critical approaches to the study of markets, which foreground and problematize their variegated character, seem to have reached something of an impasse. A gulf has opened up between those orthodox market purists who seem to see little beyond the abstract market prescribed by the neoclassical model (a self-regulating system of rational buyers and sellers) and the heterodox sceptics who, if they do not sidestep the market altogether, focus instead on an unruly plethora of real markets, criticizing the neoclassical market model as an idealized and ideological construct. As we point out elsewhere (Peck et al., 2020), the problem with these polar(ized) positions is that, notwithstanding their philosophical and normative differences, they all tend to work with, or against, a received reading of the capital-M Market as advanced by standard economic theory, indexing to this analytical yardstick in either positive or negative terms. On the heterodox side, the sway of the neoclassical, capital-M Market is manifest across a range of perspectives. Political-economic accounts, for instance, tend to invoke an understanding of the market as a destructive juggernaut.

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Information at Chicago

Nik-Khah

2022

The Palgrave Companion to Chicago Economics

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On going the market one better: economic market design and the contradictions of building markets for public purposes

Cited by 31 publications

References 44 publications

Implementing Marketization in Public Healthcare Systems: Performing Reform in the English National Health Service

Implementing Marketization in Public Healthcare Systems: Performing Reform in the English National Health Service

M/market frontiers

Information at Chicago

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