2011, ISBN: 9783656311072

Master's Thesis from the year 2011 in the subject Business economics - Economic Policy, grade: 1,0 / 85%, University of Warwick (Politics and International Studies), course: International… Meer...

Master's Thesis from the year 2011 in the subject Business economics - Economic Policy, grade: 1,0 / 85%, University of Warwick (Politics and International Studies), course: International Political Economy (Dissertation), language: English, abstract: In this work I analyze commodity futures markets (CFMs) in order to shed light on the debated relationship between neoclassical economic theory and real-world markets. I show that CFMs clearly reflect a number of neoclassical aspects, but its asocial assumptions mean that the theory fails to explain how these came to be realized. Performativity theory, despite itself neglecting the 'political' factors of agency, power and distribution to a certain extent, proves to be a suitable alternative explanatory approach. Its idea of economic theory as a 'blueprint' can be recognized in conscious steps during the formation of CFMs, which increased the fit of these markets to the neoclassical ideal. Agency and power played a substantial role in shaping performative processes, which led to an approximation of market equilibrium and corresponding positive distributional effects. These outcomes proved to be instable, however, as the entry of big investors in the wake of the current 'financialization' of CFMs had disequilibrating consequences. The resulting instances of counterperformativity shifted the markets away from neoclassical theory and led to adverse distributional impacts. Bücher > Fremdsprachige Bücher > Englische Bücher 210 x 148 x 3 mm , GRIN, Taschenbuch, GRIN<

2011, ISBN: 9783656311072

Paperback, [PU: Grin Verlag], Master's Thesis from the year 2011 in the subject Business economics - Economic Policy, grade: 1,0 / 85%, University of Warwick (Politics and International S… Meer...

Paperback, [PU: Grin Verlag], Master's Thesis from the year 2011 in the subject Business economics - Economic Policy, grade: 1,0 / 85%, University of Warwick (Politics and International Studies), course: International Political Economy (Dissertation), language: English, abstract: In this work I analyze commodity futures markets (CFMs) in order to shed light on the debated relationship between neoclassical economic theory and real-world markets. I show that CFMs clearly reflect a number of neoclassical aspects, but its asocial assumptions mean that the theory fails to explain how these came to be realized. Performativity theory, despite itself neglecting the 'political' factors of agency, power and distribution to a certain extent, proves to be a suitable alternative explanatory approach. Its idea of economic theory as a 'blueprint' can be recognized in conscious steps during the formation of CFMs, which increased the fit of these markets to the neoclassical ideal. Agency and power played a substantial role in shaping performative processes, which led to an approximation of market equilibrium and corresponding positive distributional effects. These outcomes proved to be instable, however, as the entry of big investors in the wake of the current 'financialization' of CFMs had disequilibrating consequences. The resulting instances of counterperformativity shifted the markets away from neoclassical theory and led to adverse distributional impacts., Economics, Economics<

ISBN: 9783656311072

Performativity and Politics: The Making of Commodity Futures Markets ab 27.95 € als Taschenbuch: 2. Auflage. Aus dem Bereich: Bücher, Wissenschaft, Wirtschaftswissenschaft, Medien > Büche… Meer...

Performativity and Politics: The Making of Commodity Futures Markets ab 27.95 € als Taschenbuch: 2. Auflage. Aus dem Bereich: Bücher, Wissenschaft, Wirtschaftswissenschaft, Medien > Bücher nein Buch (kartoniert) Hardcover;Sozialwissenschaften, Recht, Wirtschaft;Volkswirtschaft, GRIN Verlag<

ISBN: 3656311072

Performativity and Politics: The Making of Commodity Futures Markets ab 27.95 € als Taschenbuch: Magisterarbeit. 2. Auflage. Aus dem Bereich: Bücher, Taschenbücher, Wirtschaft & Soziales,… Meer...

Performativity and Politics: The Making of Commodity Futures Markets ab 27.95 € als Taschenbuch: Magisterarbeit. 2. Auflage. Aus dem Bereich: Bücher, Taschenbücher, Wirtschaft & Soziales, GRIN Verlag<

ISBN: 3656311072

Performativity and Politics: The Making of Commodity Futures Markets ab 24.99 € als Taschenbuch: 2. Auflage. Aus dem Bereich: Bücher, Taschenbücher, Wirtschaft & Soziales, GRIN Verlag