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Testing prices in markets: How to charter a tanker
University of Borås, School of Business and IT.
2009 (English)In: Ethnography, ISSN 1466-1381, E-ISSN 1741-2714, Vol. 10, no 3, 265-290 p.Article in journal (Refereed)
Abstract [en]

This article is written to follow up on a discussion initiated by Callon and Muniesa (2005) who criticized the distinction between pure calculation (assumed in neoclassical economics) and pure judgment (assumed in ethnographic studies). They suggested a third perspective: calculations are performed by technological devices. Furthermore, they call this process ‘the qualification process’ and claim that it brings calculation and judgment together. However, in this third perspective, the meaning of judgment is reduced and has become synonymous with making distinctions. I argue that an understanding of real markets must consider two parallel processes: a ‘calculative process’ and a ‘judgmental process’. In the real market both a ‘calculative process’ and a ‘judgmental process’ involve a process where the buyer and seller ‘test’ different prices. When it comes to the judgmental process storytelling is an indispensable cultural tool. This is demonstrated using field material collected at a tanker chartering firm

Place, publisher, year, edition, pages
Sage Publications Ltd. , 2009. Vol. 10, no 3, 265-290 p.
Keyword [en]
interactive stories, ethnographic studies, neo-classical economics, calculative process, market price, judgmental process, technological devices
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:hb:diva-2616DOI: 10.1177/1466138109339111Local ID: 2320/5364OAI: oai:DiVA.org:hb-2616DiVA: diva2:870710
Available from: 2015-11-13 Created: 2015-11-13

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