Markets in society: dynamics of concern and valuation process

The markets are emerging today as a major form of social organization. It is impossible to study the slightest « social fact » without encountering the multitude of markets that cross it. Beyond the divide between the promotion of market instruments as a solution to social and environmental problems and the critique of marketization, the approach developed by the CSI analyzes the plurality of forms of the political inscription in market exchange. It emphasizes the dynamics of “concern” leading to the integration of political and moral issues into the functioning of markets and the valuation processes, which extends the world of economy to new entities.

Research carried out at the CSI covers areas marked by the strong link between economics and politics, such as the use of market instruments in environmental policies, the formulation of prices in the health sector, and the use of natural resources for economic development purposes. This research aims to deepen the analysis of the role of market mechanisms. Two examples of projects can be cited. A recent project on the construction sector highlights the ambivalence of labels that are equally being used to oil the wheels of the market machine and to introduce space and resources for political action. Another project, in collaboration with Canadian, Dutch and Brazilian researchers, explores the controversies surrounding drugs for rare diseases by analyzing the price as an epistemic and political object.

Beyond market research, the CSI has a broader interest in the economic valuation processes such as, for example, the “capitalization” processes that transform various entities into investment objects. Assetization is observable today in areas as varied as biomedical innovation, infrastructures, natural resources, scientific production or public policies. In this latter area, Social Impact Bonds are a telling example. A doctoral research, currently carried out at the CSI in partnership with an association, examines this particular device that transforms social projects into investment projects by questioning how it redraws the boundaries between social and finance.

Projects:

Chaire industrie minérale et territoire [Chair Mineral Industry and Territory]

Prescrire et modéliser les travaux de rénovation énergétique selon les classes de DPE – Économie socio-technique d’un instrument d’action publique (Premoclasse)

Social Pharmaceutical Innovation for Unmet Medical Needs (SPIN)

Quantification, Administrative Capacity and Democracy (QUAD)

Socio-économie des publications scientifiques (SEPS)

PhD theses:

Victoria Brun, Les formes de valorisation de la recherche / The forms of valuation of research

Jean Danielou, No maps for these territories: la construction d’un marché des territoires. Analyse de la stratégie Business to territories d’Engie / No maps for these territories: The construction of a territory market. Analysis of Engie’s Business to territories strategy

Clément Gasull, Les dispositifs socio-techniques des blockchains : innovation, valorisation et controverses / The social and technical setups of blockchains: innovation, valuation and controversies

Cornelius Heimstädt, Imag(in)er la santé des plantes : Smartphones et expériences distribuées en agriculture / Imag(in)ing Plant Health: Smartphones and Distributed Experiments in Agriculture

Mathilde Pelizzarri, La Politique des Social Impact Bonds / The Social Impact Bond Policy

Jean-Baptiste Pons, Aux frontières de l’offshore : la genèse des Euromarchés (1958-1979) / On the borders of offshore finance: the pionneering experience of the Euromarkets (1958-1979)

Loïc Riom, Fabriquer la qualité musicale. Valuation, prescription et expertise dans les mondes de la musique / The making musical quality. Valuation, prescription and expertise in the worlds of music

Alexandre Violle, Constituer un territoire de gouvernement pour la finance : enquête sur l’expertise de supervision au sein de l’Union bancaire européenne / Constituting the territory of government for finance : an inquiry into the construction of the expertise in risk supervision within the European Banking Union

Publications:

Brice Laurent, Alexandre Mallard, 2020, Labelling the Economy. Qualities and Values in Contemporary Markets

Fabian Muniesa, 2019, Is ANT a critique of capital?

Liliana Doganova, Brice Laurent, 2019, Carving out a domain for the market: boundary making in European environmental markets

Fabian Muniesa, Liliana Doganova, Horacio Ortiz, Álvaro Pina-Stranger, Florence Paterson, et al., 2017, Capitalization: A Cultural Guide

Susi Geiger, Debbie Harrison, Hans Kjellberg, Alexandre Mallard, 2014, Concerned markets. Economic Ordering for Multiple Values

Liliana Doganov, Martin Giraudeau, Claes-Fredrik Helgesson, Hans Kjellberg, Francis Lee, Alexandre Mallard, Andrea Mennicken, Fabian Muniesa, Ebba Sjögren, Teun Zuiderent-Jerak, 2014, Valuation studies and the critique of valuation