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Testing prices in markets: How to charter a tanker
University of Borås, Borås, Sweden. (Ceroc)ORCID iD: 0000-0002-1356-8741
2009 (English)In: Ethnography, ISSN 1466-1381, E-ISSN 1741-2714, Vol. 10, no 3, p. 265-290Article in journal (Refereed) Published
Abstract [en]

This article is written to follow up on a discussion initiated by Callon and Muniesa (2005) who criticized the distinction between pure calculation (assumed in neoclassical economics) and pure judgment (assumed in ethnographic studies). They suggested a third perspective: calculations are performed by technological devices. Furthermore, they call this process ‘the qualification process’ and claim that it brings calculation and judgment together. However, in this third perspective, the meaning of judgment is reduced and has become synonymous with making distinctions. I argue that an understanding of real markets must consider two parallel processes: a ‘calculative process’ and a ‘judgmental process’. In the real market both a ‘calculative process’ and a ‘judgmental process’ involve a process where the buyer and seller ‘test’ different prices. When it comes to the judgmental process storytelling is an indispensable cultural tool. This is demonstrated using field material collected at a tanker chartering firm.

Place, publisher, year, edition, pages
Sage Publications, 2009. Vol. 10, no 3, p. 265-290
Keywords [en]
calculative process, judgmental process, technological devices, market price, neo-classical economics, ethnographic studies, interactive stories
National Category
Business Administration
Research subject
Business Studies
Identifiers
URN: urn:nbn:se:oru:diva-40694DOI: 10.1177/1466138109339111ISI: 000273136200002Scopus ID: 2-s2.0-70349426021OAI: oai:DiVA.org:oru-40694DiVA, id: diva2:778498
Available from: 2015-01-10 Created: 2015-01-10 Last updated: 2017-12-05Bibliographically approved

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Publisher's full textScopushttp://eth.sagepub.com/content/10/3/265.short

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Forsberg, Per

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
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  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf