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

7 Citations (Scopus)

135 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

7 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
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42 Citations (Scopus)

320 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

Cite this

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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.",

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

Abstract

Bibliographical note

Keywords

Access to Document

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Research output

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

Noxious Markets

Cite this