Introduction — For an Abstract Market Theory



Amidst the curdling mass of our contemporary doubts, one thing at least is certain: the market exists. And yet, despite this — despite the market’s ubiquity and its unpredictability, its role in the making of billionaires and the destitution of nations — there is an almost total absence of philosophical reflection on its nature.


Global Financial Crisis Market Maker Academic Discourse Methodological Immanence Adequate Concept 
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  1. 1.
    Émile Benveniste, Problems in General Linguistics, Vol. 1, trans. M. Meek (Florida: University of Miami Press, 1971), 223.Google Scholar
  2. 2.
    Michel Callon, ‘Introduction: the embeddedness of economic markets in economics’, in Michel Callon (ed.) The Laws of the Markets (London: Blackwell, 1998), 1. The point here is not, pace Michel Foucault’s masterful analysis, that the categories of the market qua object of study, did not or do not exist (The Order of Things [New York: Vintage Books, 1994], 166–7; 257; 279), but rather that there is no rigorously elaborated formulation of the category of ‘the market’ in economic thought today.Google Scholar
  3. 3.
    Georg Simmel, The Philosophy of Money, ed. David Frisby, trans. Tom Bottomore and David Frisby, from a first draft by Kaethe Mengelberg (New York: Routledge, 2005), 52.Google Scholar

Copyright information

© Jon Roffe 2015

Authors and Affiliations

  1. 1.University of New South WalesAustralia

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