IDEAS home Printed from https://ideas.repec.org/a/zbw/espost/104610.html
   My bibliography  Save this article

Beyond the one best market: an essay on trans-economic exchange rates

Author

Listed:
  • Roth, Steffen

Abstract

We routinely trust organizations that convert belief, truth, health, power, or beauty into money. Nonetheless, we know almost nothing about the corresponding exchange rates. Based on a system theorist concept of functional differentiation and the Bourdieueconomic forms of capitals, the paper presents strong evidence for the existence of non-economic markets for the mentioned values. The conclusion of the paper is that organizations with a more polyphonic, non-reductionist self- and market concept can act strategically as change agencies between those “markets of society”, i.e. they can influence the exchange rates between economic and non-economic values in terms of trans-political trade cycle politics.

Suggested Citation

  • Roth, Steffen, 2010. "Beyond the one best market: an essay on trans-economic exchange rates," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 130(5), pages 66-79.
  • Handle: RePEc:zbw:espost:104610
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/104610/1/Beyond%20the%20one%20best%20market.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Baron, Robert A. & Markman, Gideon D., 2003. "Beyond social capital: the role of entrepreneurs' social competence in their financial success," Journal of Business Venturing, Elsevier, vol. 18(1), pages 41-60, January.
    2. Beckert, Jens, 2007. "The Great Transformation of Embeddedness: Karl Polanyi and the New Economic Sociology," MPIfG Discussion Paper 07/1, Max Planck Institute for the Study of Societies.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Oasis Kodila-Tedika & Julius Agbor, 2016. "Does Trust Matter for Entrepreneurship: Evidence from a Cross-Section of Countries," Economies, MDPI, vol. 4(1), pages 1-17, March.
    2. Ian Greer & Thorsten Schulten & Nils Böhlke, 2013. "How Does Market Making Affect Industrial Relations? Evidence from Eight German Hospitals," British Journal of Industrial Relations, London School of Economics, vol. 51(2), pages 215-239, June.
    3. Abdul Karim Aldohni, 2017. "The UK New Regulatory Framework of High-Cost Short-Term Credit: Is There a Shift Towards a More “Law and Society” Based Approach?," Journal of Consumer Policy, Springer, vol. 40(3), pages 321-345, September.
    4. Sabrina Artinger & Nir Vulkan & Yotam Shem-Tov, 2015. "Entrepreneurs’ negotiation behavior," Small Business Economics, Springer, vol. 44(4), pages 737-757, April.
    5. Petra Moog & Arndt Werner & Stefan Houweling & Uschi Backes-Gellner, 2015. "The impact of skills, working time allocation and peer effects on the entrepreneurial intentions of scientists," The Journal of Technology Transfer, Springer, vol. 40(3), pages 493-511, June.
    6. Jeffrey M. Pollack & Anthony E. Coy & Jeffrey D. Green & Jody L. Davis, 2015. "Satisfaction, Investment, and Alternatives Predict Entrepreneurs’ Networking Group Commitment and Subsequent Revenue Generation," Entrepreneurship Theory and Practice, , vol. 39(4), pages 817-837, July.
    7. Hmieleski, Keith M. & Sheppard, Leah D., 2019. "The Yin and Yang of entrepreneurship: Gender differences in the importance of communal and agentic characteristics for entrepreneurs' subjective well-being and performance," Journal of Business Venturing, Elsevier, vol. 34(4), pages 709-730.
    8. Bernard Dussuc & Sébastien Geindre, 2012. "Capital social, théorie des réseaux sociaux et recherche en PME : une revue de la littérature," Post-Print halshs-00747912, HAL.
    9. Joop Hartog & Mirjam Van Praag & Justin Van Der Sluis, 2010. "If You Are So Smart, Why Aren't You an Entrepreneur? Returns to Cognitive and Social Ability: Entrepreneurs Versus Employees," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 19(4), pages 947-989, December.
    10. José Joaquín Brunner, 2018. "Sobre las contradicciones culturales del liberalismo y sus malestares," Estudios Públicos, Centro de Estudios Públicos, vol. 0(150), pages 161-233.
    11. Rabbiosi, Larissa & Santangelo, Grazia D., 2013. "Parent company benefits from reverse knowledge transfer: The role of the liability of newness in MNEs," Journal of World Business, Elsevier, vol. 48(1), pages 160-170.
    12. Jin Byungchae, 2020. "The Practical Intelligence of Social Entrepreneurs: Managing the Hybridity of Social Enterprises," Entrepreneurship Research Journal, De Gruyter, vol. 10(1), pages 1-19, January.
    13. Alexander Ebner, 2015. "Marketization: Theoretical Reflections Building on the Perspectives of Polanyi and Habermas," Review of Political Economy, Taylor & Francis Journals, vol. 27(3), pages 369-389, July.
    14. Esther Hormiga PEREZ & Rosa M. Batista CANINO, 2009. "The Importance of the Entrepreneur’s Perception of Success," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(5), pages 990-1010, December.
    15. Fischer, Eileen & Rebecca Reuber, A., 2014. "Online entrepreneurial communication: Mitigating uncertainty and increasing differentiation via Twitter," Journal of Business Venturing, Elsevier, vol. 29(4), pages 565-583.
    16. Brush, Candida G., 2008. "Pioneering strategies for entrepreneurial success," Business Horizons, Elsevier, vol. 51(1), pages 21-27.
    17. J. Robert Baum & Barbara J. Bird, 2010. "The Successful Intelligence of High-Growth Entrepreneurs: Links to New Venture Growth," Organization Science, INFORMS, vol. 21(2), pages 397-412, April.
    18. Oe, Akitsu & Mitsuhashi, Hitoshi, 2013. "Founders' experiences for startups' fast break-even," Journal of Business Research, Elsevier, vol. 66(11), pages 2193-2201.
    19. Nicole Coviello & Liena Kano & Peter W Liesch, 2017. "Adapting the Uppsala model to a modern world: Macro-context and microfoundations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(9), pages 1151-1164, December.
    20. Mohammad Fakhar Manesh & Giulia Flamini & Damiano Petrolo & Rocco Palumbo, 2022. "A round of dancing and then one more: embedding intuition in the ballet of entrepreneurial decision making," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 499-528, June.

    More about this item

    Keywords

    Market; Luhmann; Social Systems Theory; Polyphony; Functional Differentiation;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:espost:104610. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/zbwkide.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.