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Economics of Convention Meets Foucault
Economics of convention trifft Foucault
[journal article]
Abstract The contribution examines concepts and the methodology of Michel Foucault from the standpoint of the French institutionalist approach of economics of convention (in short EC). EC is briefly introduced. Then, it is argued that Foucault should be regarded as an “ally” for EC, because his theory shares... view more
The contribution examines concepts and the methodology of Michel Foucault from the standpoint of the French institutionalist approach of economics of convention (in short EC). EC is briefly introduced. Then, it is argued that Foucault should be regarded as an “ally” for EC, because his theory shares main positions with EC, but Foucault also provides concepts and methodological strategies, which could improve EC’s capabilities to analyze practices and strategies of convention-based processes as critique, justification and the social construction of qualities and worth. Some representatives of EC have already adopted Foucaultian concepts. Foucault also pioneered the analysis in domains, highly relevant for EC, as in the field of law and neoliberalism, but these works are not well recognized so far. Moreover, Foucault began the study of individual’s strategies of self-conduct and self-formation, which EC approached later on as well. The article claims that it is especially Foucault’s notions of episteme and power as well as Foucaultian discourse analysis, which offer innovative theoretical and methodological perspectives for EC.... view less
Keywords
legislation; social construction; dispositif; structuralism; power; legal theory; social economics; Foucault, M.; discourse analysis; methodology; France; neoliberalism; convention; law
Classification
General Concepts, Major Hypotheses and Major Theories in the Social Sciences
Sociology of Economics
Free Keywords
economics of convention; discourse; technologies of the self; regimes of engagement; episteme
Document language
English
Publication Year
2019
Page/Pages
p. 308-334
Journal
Historical Social Research, 44 (2019) 1
Issue topic
Markets, Organizations, and Law - Perspectives of Convention Theory on Economic Practices and Structures
ISSN
0172-6404
Status
Published Version; peer reviewed