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Valuation and Enrichment

Author

Listed:
  • Christian Bessy

    (IDHES - Institutions et Dynamiques Historiques de l'Économie et de la Société - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - UEVE - Université d'Évry-Val-d'Essonne - CNRS - Centre National de la Recherche Scientifique - ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay, ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay)

Abstract

This contribution analyzes the way economics and sociology of conventions (EC/SC) deals with price formation in the light of the question of the plurality of forms of valuation, which lead to different processes of enrichment. In the first part, the way EC/SC has questioned the notion of value is presented, starting with the mimetic model of collective belief formation proposed by André Orléan, which he first applies to the genesis of money and then extends to other liquid and tradable assets on markets, which can lead to the appearance of speculative bubbles. This mimetic model is completed by taking into account all the mediations that allows to understand the diffusion of a form of valuation. The second part of the chapter is devoted to the analysis of the valuation of things, starting with research into the construction of relevant "grasps" (prises in French) in preparation for their valuation. Based on the work of Boltanski and Esquerre, the development presents structured forms of valuing things as sources of justification of price and shows their contribution to EC/SC in the analysis of market construction.

Suggested Citation

  • Christian Bessy, 2023. "Valuation and Enrichment," Post-Print hal-04504832, HAL.
  • Handle: RePEc:hal:journl:hal-04504832
    DOI: 10.1007/978-3-030-52130-1_110-1
    as

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