A leading scholar of the history and philosophy of economic thought, Philip Mirowski argues that there has been a top-to-bottom transformation in how scientific research is organized and funded in Western countries over the past two decades and that these changes necessitate a reexamination of the ways that science and economics interact. Mirowski insists on the need to bring together the insights of economics, science studies, and the philosophy of science in order to understand how and why particular research programs get stabilized through interdisciplinary appropriation, controlled attributions of error, and funding restrictions.
Mirowski contends that neoclassical economists have persistently presumed and advanced an “effortless economy of science,” a misleading model of a self-sufficient and conceptually self-referential social structure that transcends market operations in pursuit of absolute truth. In the stunning essays collected here, he presents a radical critique of the ways that neoclassical economics is used to support, explain, and legitimate the current social practices underlying the funding and selection of “successful” science projects. He questions a host of theories, including the portraits of science put forth by Karl Popper, Michael Polanyi, and Thomas Kuhn. Among the many topics he examines are the social stabilization of quantitative measurement, the repressed history of econometrics, and the social construction of the laws of supply and demand and their putative opposite, the gift economy. In The Effortless Economy of Science? Mirowski moves beyond grand abstractions about science, truth, and democracy in order to begin to talk about the way science is lived and practiced today.
Armin Beverungen University of Minnesota Press, 2019 Library of Congress HF5415 | Dewey Decimal 381
A media theory of markets
Markets abound in media—but a media theory of markets is still emerging. Anthropology offers media archaeologies of markets, and the sociology of markets and finance unravels how contemporary financial markets have witnessed a media technological arms race. Building on such work, this volume brings together key thinkers of economic studies with German media theory, describes the central role of the media specificity of markets in new detail and inflects them in three distinct ways. Nik-Khah and Mirowski show how the denigration of human cognition and the concomitant faith in computation prevalent in contemporary market-design practices rely on neoliberal conceptions of information in markets. Schröter confronts the asymmetries and abstractions that characterize money as a medium and explores the absence of money in media. Beverungen situates these inflections and gathers further elements for a politically and historically attuned media theory of markets concerned with contemporary phenomena such as high-frequency trading and cryptocurrencies.
The Road from Mont Pèlerin
Philip Mirowski Harvard University Press, 2009 Library of Congress JC574.R63 2009 | Dewey Decimal 320.51
What exactly is neoliberalism, and where did it come from? This volume attempts to answer these questions by exploring neoliberalism’s origins and growth as a political and economic movement. The Road from Mont Pèlerin presents the key debates and conflicts that occurred among neoliberal scholars and their political and corporate allies regarding trade unions, development economics, antitrust policies, and the influence of philanthropy.
What exactly is neoliberalism, and where did it come from? This volume attempts to answer these questions by exploring neoliberalism’s origins and growth as a political and economic movement. Now with a new preface.
"A serious reconsideration of the 'economics of science' is long overdue," say Philip Mirowski and Esther-Mirjam Sent in the introduction to Science Bought and Sold. Indeed, it is only recently that one could speak of a field of economics of science at all. Although it has long been accepted that economics can provide useful tools with which to understand science, economics has only lately shifted its focus to the economic agent as information processor, making it more broadly applicable to science.
Bringing together central themes in this emerging discipline, the editors have assembled important articles that provide a wider context and background against which the economics of science can be evaluated. Roughly one-third of the essays presented here are original papers, and the rest are critical articles previously published in the field. From essays examining economic welfare to the idea of scientists as agents to the digital aspects of higher education,Science Bought and Sold presents a comprehensive overview of the new directions of this expanding area.
Kenneth J. Arrow
William A. Brock
Paul A. David
Steven N. Durlauf
D. Wade Hands
Shaun P. Hargreaves Heap
Sharon G. Levin
Richard R. Nelson
David F. Noble
Charles Sanders Peirce
Paula E. Stephan
James R. Wible
Philip Mirowski Harvard University Press, 2011 Library of Congress Q127.U6M576 2011 | Dewey Decimal 338.97306
This trenchant study analyzes the rise and decline in the quality and format of science in America since World War II. Science-Mart attributes this decline to a powerful neoliberal ideology in the 1980s which saw the fruits of scientific investigation as commodities that could be monetized, rather than as a public good.