Jump to ContentJump to Main Navigation
The Cultures of MarketsThe Political Economy of Climate Governance$
Users without a subscription are not able to see the full content.

Janelle Knox-Hayes

Print publication date: 2016

Print ISBN-13: 9780198718451

Published to Oxford Scholarship Online: August 2016

DOI: 10.1093/acprof:oso/9780198718451.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 17 October 2019

The Fate of Markets

The Fate of Markets

Materiality and the Construction of Values

(p.208) 8 The Fate of Markets
The Cultures of Markets

Janelle Knox-Hayes

Oxford University Press

Chapter 8 comments on the role of markets in stimulating or neglecting the materiality of economic and financial productivity. The markets are shaped by culture, but also build a culture of resource management that has the potential to disconnect governance from materiality. In this regard, the culture of the market is one that encompasses the sociopolitical institutions upon which the market is built, but also a culture that reifies and spreads particular norms of economic authority and market-based resource governance. The chapter examines the ways in which the mismatch between the processes of the market and the material outcomes they seek to generate can lead to the potential for damage and perverse outcomes for the environment. Finally, the chapter addresses the nature of valuation in market processes, and the incommensurability of that mode of valuation with the material needs of the environment.

Keywords:   materiality, use value, exchange value, derived value, materiality, financialization, time-space compression, commensuration, accounting, environmental finance

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .