Political markets? Politics and economics in the emergence of markets for biodiversity offsets

Carlos Ferreira; Jennifer Ferreira

doi:10.1080/00346764.2018.1463445

Political markets? Politics and economics in the emergence of markets for biodiversity offsets

Carlos Ferreira, Jennifer Ferreira

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

93 Downloads (Pure)

Abstract

This paper analyses the relationship between politics and performativity of economics in the emergence of markets for biodiversity offsets. While the role of economics in constructing markets has been demonstrated by sociology and social studies of science, it has also become apparent that politics plays an important role in the material outcome of economic experiments. Two case studies of the creation of markets for biodiversity offsets are analysed, in the United States and England. The findings suggest that the creation of both markets is rooted in the language, concepts and models of economics. Politics, on the other hand, functions as a mediator of the material expression of those models. Through this mediation effect, similar economic models are performed differently, resulting in a variety of markets. This suggests that the material outcomes of processes of market creation are not defined at the outset, but can be influenced by political processes.

Original language	English
Pages (from-to)	335-351
Number of pages	17
Journal	Review of Social Economy
Volume	76
Issue number	3
Early online date	19 Apr 2018
DOIs	https://doi.org/10.1080/00346764.2018.1463445
Publication status	Published - 2018

Bibliographical note

This is an Accepted Manuscript of an article published by Taylor & Francis in Review of Social Economy on 19th April 2018, available online: http://www.tandfonline.com/10.1080/00346764.2018.1463445.”

Keywords

Markets
Biodiversity offsets
Calculation
Performativity of economics
Politics

Access to Document

10.1080/00346764.2018.1463445

Post-PrintAccepted author manuscript, 586 KB

6 Citations
1 Entry for encyclopedia/dictionary
1 Article

The contested instruments of a new governance regime: accounting for nature and building markets for biodiversity offsets
Ferreira, C., 27 Sept 2017, In: Accounting, Auditing and Accountability Journal. 30, 7, p. 1568-1590 23 p.
Research output: Contribution to journal › Article › peer-review

Open Access
File
31 Citations (Scopus)

241 Downloads (Pure)
Noxious Markets
Ferreira, C., Feb 2016, The SAGE Encyclopedia of Economics and Society. Wherry, F. F. & Schor, J. B. (eds.).
Research output: Chapter in Book/Report/Conference proceeding › Entry for encyclopedia/dictionary › peer-review

Carlos Ferreira
- Research Centre for Business in Society - Assistant Professor Research
Person: Teaching and Research

Cite this

@article{92b2ffead1d341f79b5cf9ed159f6292,

title = "Political markets? Politics and economics in the emergence of markets for biodiversity offsets",

abstract = "This paper analyses the relationship between politics and performativity of economics in the emergence of markets for biodiversity offsets. While the role of economics in constructing markets has been demonstrated by sociology and social studies of science, it has also become apparent that politics plays an important role in the material outcome of economic experiments. Two case studies of the creation of markets for biodiversity offsets are analysed, in the United States and England. The findings suggest that the creation of both markets is rooted in the language, concepts and models of economics. Politics, on the other hand, functions as a mediator of the material expression of those models. Through this mediation effect, similar economic models are performed differently, resulting in a variety of markets. This suggests that the material outcomes of processes of market creation are not defined at the outset, but can be influenced by political processes.",

keywords = "Markets, Biodiversity offsets, Calculation, Performativity of economics, Politics",

author = "Carlos Ferreira and Jennifer Ferreira",

note = "This is an Accepted Manuscript of an article published by Taylor & Francis in Review of Social Economy on 19th April 2018, available online: http://www.tandfonline.com/10.1080/00346764.2018.1463445.”",

year = "2018",

doi = "10.1080/00346764.2018.1463445",

language = "English",

volume = "76",

pages = "335--351",

journal = "Review of Social Economy",

issn = "0034-6764",

publisher = "Taylor and Francis",

number = "3",

}

TY - JOUR

T1 - Political markets? Politics and economics in the emergence of markets for biodiversity offsets

AU - Ferreira, Carlos

AU - Ferreira, Jennifer

N1 - This is an Accepted Manuscript of an article published by Taylor & Francis in Review of Social Economy on 19th April 2018, available online: http://www.tandfonline.com/10.1080/00346764.2018.1463445.”

PY - 2018

Y1 - 2018

N2 - This paper analyses the relationship between politics and performativity of economics in the emergence of markets for biodiversity offsets. While the role of economics in constructing markets has been demonstrated by sociology and social studies of science, it has also become apparent that politics plays an important role in the material outcome of economic experiments. Two case studies of the creation of markets for biodiversity offsets are analysed, in the United States and England. The findings suggest that the creation of both markets is rooted in the language, concepts and models of economics. Politics, on the other hand, functions as a mediator of the material expression of those models. Through this mediation effect, similar economic models are performed differently, resulting in a variety of markets. This suggests that the material outcomes of processes of market creation are not defined at the outset, but can be influenced by political processes.

AB - This paper analyses the relationship between politics and performativity of economics in the emergence of markets for biodiversity offsets. While the role of economics in constructing markets has been demonstrated by sociology and social studies of science, it has also become apparent that politics plays an important role in the material outcome of economic experiments. Two case studies of the creation of markets for biodiversity offsets are analysed, in the United States and England. The findings suggest that the creation of both markets is rooted in the language, concepts and models of economics. Politics, on the other hand, functions as a mediator of the material expression of those models. Through this mediation effect, similar economic models are performed differently, resulting in a variety of markets. This suggests that the material outcomes of processes of market creation are not defined at the outset, but can be influenced by political processes.

KW - Markets

KW - Biodiversity offsets

KW - Calculation

KW - Performativity of economics

KW - Politics

U2 - 10.1080/00346764.2018.1463445

DO - 10.1080/00346764.2018.1463445

M3 - Article

SN - 0034-6764

VL - 76

SP - 335

EP - 351

JO - Review of Social Economy

JF - Review of Social Economy

IS - 3

ER -

Political markets? Politics and economics in the emergence of markets for biodiversity offsets

Abstract

Bibliographical note

Keywords

Access to Document

Fingerprint

Research output

The contested instruments of a new governance regime: accounting for nature and building markets for biodiversity offsets

Noxious Markets

Profiles

Carlos Ferreira

Cite this