i
The journal is open to receive papers throughout the year, except when there are calls for papers published on its Web page. Papers must be sent to the editor's email hcadenas@uchile.cl and not by registering on this page. It should be noted that due to the number of papers received, the evaluation of each paper can take between 4 and 8 months.
MAD also publishes articles in "Early View" version, which have been accepted for publication, peer-reviewed and corrected before the publication of the issue, allowing its readers to have quicker access to its contents. Each article has an online publication date and a DOI, allowing them to be cited as soon as they are published.
Please refer to the "Guidelines for the presentation and submission of papers".
In or Out? Or: Would you let a Luhmannian Invest your Money?
Abstract
This contribution to the conversation on Esposito's "Economic Circularities and Second-Order Observation" argues that second-order observation and market are both notions used with several definitions and suggests that further work with these notions may help the conversation to get a better understanding of not only finance but of markets more generally.Keywords:
Social Systems Theory, Observation, Second Order Observation, Keynesian Beauty Contest, MarketReferences
Andersen, N. Å. (2003). Discursive Analytical Strategies: Understanding Foucault, Koselleck, Laclau, Luhmann. Bristol: Policy Press.
Andersen, N. Å. (2011). Who is Yum-Yum? A Cartoon State in the Making. Ephemera, 11(4), 406-432.
Araujo, L. (2007). Markets, Market-making and Marketing. Marketing Theory, 7(3), 211-226.
Breslau, D. (2011). What Do Market Designers Do When They Design Markets? Economists as Consultants to the Redesign of Wholesale Electricity Markets in the United States. En C. Camic, N. Gross, & M. Lamont (Eds.), Social Knowledge in the Making (pp. 381-403). Chicago: University of Chicago Press.
DiMaggio, P. (2001). Introduction: Making Sense of the Contemporary Firm and Prefiguring Its Future. En P. DiMaggio (Ed.), The Twenty-First-Century Firm. Changing Economic Organization in International Perspective (pp. 3-30). Princeton: Princeton University Press.
Esposito, E. (1996). From Self-reference to Autology: How to Operationalize a Circular Approach. Social Science Information, 35(2), 269-281.
Esposito, E. (2013). Observations on a Conversation: Reply to Commentary. Sociologica, 2, 26-30.
Esposito, E. (2014). Circularidades económicas y observación de segundo orden: La realidad de las calificaciones crediticias. Revista Mad, 30, 1-24. [En esta edición]
Fligstein, N., & Dauter, L. (2007). The Sociology of Markets. Annual Review of Sociology, 33, 105-128.
Fligstein, N., & Sweet, A. S. (2002). Constructing Polities and Markets - An Institutionalist Account of European Integration. American Journal of Sociology, 107(5), 1206-1243.
Hacking, I. (1999). The Social Construction of What? Cambridge, Mass.: Harvard University Press.
Holm, P. & Nielsen, K. N. (2007). Framing Fish, Making Markets: The Construction of Individual Transferable Quotas (ITQs). The Sociological Review, 55(s2), 173-195.
Knudsen, M. (2006). Autolysis within Organizations: A Case Study. Soziale Systeme, 12(1), 79-99.
Luhmann, N. (1988). Der Markt als innere Umwelt des Wirtschaftssystems. En N. Luhmann, Die Wirtschaft der Gesellschaft (pp. 91-130). Frankfurt a.M.: Suhrkamp.
Luhmann, N. (1990). The "State" of the Political System. En N. Luhmann, Essays on Self-Reference (pp. 165-174). New York: Columbia University Press.
Luhmann, N. (1994). "What is the case?" and "What lies behind it?" The Two Sociologies and the Theory of Society. Sociological Theory, 12(2), 126-139.
Luhmann, N. (1995). Legal Argumentation: An Analysis of Its Form. The Modern Law Review, 58(3), 285-298.
Luhmann, N. (2012). Theory of Society, Volume 1 (Cultural Memory in the Present). Stanford: Stanford University Press.
MacKenzie, D. A., & Millo, Y. (2003). Constructing a Market, Performing Theory: The Historical Sociology of a Financial Derivatives Exchange. American Journal of Sociology, 109(1), 107-145.
Marshall, A. (1962). Principles of Economics. London: Macmillan. [Eighth Edition]
Puchala, D. J. (1971). Of Blind Men, Elephants and International Integration. Journal of Common Market Studies, 10(3), 267-284.
Star, S. L., & Griesemer, J. R. (1989). Institutional Ecology, ‘Translations' and Boundary Objects: Amateurs and Professionals in Berkeley's Museum of Vertebrate Zoology, 1907-39. Social Studies of Science, 19(3), 387-420.
Stark, D. (2014). Observando las finanzas como una red de observaciones: Un comentario a Esposito. Revista Mad, 30, 25-38. [En esta edición]
Weber, M. (1922). Wirtschaft und Gesellschaft. Tübingen: J.C.B. Mohr (Paul Siebeck).
Andersen, N. Å. (2011). Who is Yum-Yum? A Cartoon State in the Making. Ephemera, 11(4), 406-432.
Araujo, L. (2007). Markets, Market-making and Marketing. Marketing Theory, 7(3), 211-226.
Breslau, D. (2011). What Do Market Designers Do When They Design Markets? Economists as Consultants to the Redesign of Wholesale Electricity Markets in the United States. En C. Camic, N. Gross, & M. Lamont (Eds.), Social Knowledge in the Making (pp. 381-403). Chicago: University of Chicago Press.
DiMaggio, P. (2001). Introduction: Making Sense of the Contemporary Firm and Prefiguring Its Future. En P. DiMaggio (Ed.), The Twenty-First-Century Firm. Changing Economic Organization in International Perspective (pp. 3-30). Princeton: Princeton University Press.
Esposito, E. (1996). From Self-reference to Autology: How to Operationalize a Circular Approach. Social Science Information, 35(2), 269-281.
Esposito, E. (2013). Observations on a Conversation: Reply to Commentary. Sociologica, 2, 26-30.
Esposito, E. (2014). Circularidades económicas y observación de segundo orden: La realidad de las calificaciones crediticias. Revista Mad, 30, 1-24. [En esta edición]
Fligstein, N., & Dauter, L. (2007). The Sociology of Markets. Annual Review of Sociology, 33, 105-128.
Fligstein, N., & Sweet, A. S. (2002). Constructing Polities and Markets - An Institutionalist Account of European Integration. American Journal of Sociology, 107(5), 1206-1243.
Hacking, I. (1999). The Social Construction of What? Cambridge, Mass.: Harvard University Press.
Holm, P. & Nielsen, K. N. (2007). Framing Fish, Making Markets: The Construction of Individual Transferable Quotas (ITQs). The Sociological Review, 55(s2), 173-195.
Knudsen, M. (2006). Autolysis within Organizations: A Case Study. Soziale Systeme, 12(1), 79-99.
Luhmann, N. (1988). Der Markt als innere Umwelt des Wirtschaftssystems. En N. Luhmann, Die Wirtschaft der Gesellschaft (pp. 91-130). Frankfurt a.M.: Suhrkamp.
Luhmann, N. (1990). The "State" of the Political System. En N. Luhmann, Essays on Self-Reference (pp. 165-174). New York: Columbia University Press.
Luhmann, N. (1994). "What is the case?" and "What lies behind it?" The Two Sociologies and the Theory of Society. Sociological Theory, 12(2), 126-139.
Luhmann, N. (1995). Legal Argumentation: An Analysis of Its Form. The Modern Law Review, 58(3), 285-298.
Luhmann, N. (2012). Theory of Society, Volume 1 (Cultural Memory in the Present). Stanford: Stanford University Press.
MacKenzie, D. A., & Millo, Y. (2003). Constructing a Market, Performing Theory: The Historical Sociology of a Financial Derivatives Exchange. American Journal of Sociology, 109(1), 107-145.
Marshall, A. (1962). Principles of Economics. London: Macmillan. [Eighth Edition]
Puchala, D. J. (1971). Of Blind Men, Elephants and International Integration. Journal of Common Market Studies, 10(3), 267-284.
Star, S. L., & Griesemer, J. R. (1989). Institutional Ecology, ‘Translations' and Boundary Objects: Amateurs and Professionals in Berkeley's Museum of Vertebrate Zoology, 1907-39. Social Studies of Science, 19(3), 387-420.
Stark, D. (2014). Observando las finanzas como una red de observaciones: Un comentario a Esposito. Revista Mad, 30, 25-38. [En esta edición]
Weber, M. (1922). Wirtschaft und Gesellschaft. Tübingen: J.C.B. Mohr (Paul Siebeck).
Twitter