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Progress in Human Geography
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Geographies of circulation and exchange: constructions of markets

Christian Berndt

Institut für Humangeographie, Goethe-Universität Frankfurt, Robert-Mayer-Str. 6-8, D-60325 Frankfurt am Main, Germany, c.berndt{at}em.uni-frankfurt.de

Marc Boeckler

Lehrstuhl für Kulturgeographie, Katholische Universität Eichstätt-Ingolstadt, Ostenstr. 18, D-85072 Eichstätt, Germany

Although markets are at centre stage in capitalist processes of circulation and exchange, they have rarely been made an object of study. In this paper we distinguish three heterodox approaches. (1) Socioeconomics points out that concrete markets cannot be separated from their social context. Markets are dissolved in social networks and socialized. (2) Political economy investigates how the market model is confused for real markets by market participants. The market is represented as a destructive force. (3) Cultural economists point to the practical self-realization of economic knowledge and argue that the abstract market model is performative.

Key Words: actor-network theory • markets • neoliberalism • networks • performativity.

This version was published on August 1, 2009

Progress in Human Geography, Vol. 33, No. 4, 535-551 (2009)
DOI: 10.1177/0309132509104805
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