Failure to expand? Socio-technical practices and moral judgement in markets for biodiversity offsets

Research output: Contribution to journalArticle

Abstract

Markets have become an important form of governance in the neoliberal era. The ideology of markets as the most efficient form of organising economic activity has led to expansion of their usage, both in terms of what is governed by the market, but also in terms of the spaces in which the practices of a given market apply. However, there have been important challenges to market expansion, particularly on political and ethical grounds. This paper analyses how the socio-technical practices of market expansion can be affected by political contestation and individual moral judgements. This is analysed in the context of two markets for biodiversity offsets, in the United States and the UK. In both cases, regulators attempted to devise and standardise calculative mechanisms and socio-technical practices that promoted the use and expansion of the market. However, these socio-technical market practices have struggled to cross and negotiate uneven political and social spaces, being subject to moral judgements and political contestation. The paper demonstrates how the socio-technical practices of market expansion are affected by social entanglements, highlighting how this creates limits to the expansion of the market as a form of governance.
LanguageEnglish
Pages(In-Press)
JournalNew Political Economy
Volume(In-Press)
StateAccepted/In press - 13 Jun 2018

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moral judgement
biodiversity
market
governance
social space
ideology
economic activity

Keywords

  • Biodiversity offsets
  • market expansion
  • marketisation
  • governance
  • technological zones
  • moral economy
  • noxious markets

Cite this

Failure to expand? Socio-technical practices and moral judgement in markets for biodiversity offsets. / Ferreira, Carlos; Ferreira, Jennifer.

In: New Political Economy, Vol. (In-Press), 13.06.2018, p. (In-Press).

Research output: Contribution to journalArticle

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