Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/60505 
Year of Publication: 
2012
Series/Report no.: 
Frankfurt School - Working Paper Series No. 194
Publisher: 
Frankfurt School of Finance & Management, Frankfurt a. M.
Abstract: 
The paper proposes to ground the taxonomy of economic systems on the identification of strongly performative institutions as distinctive features. I analyse performativity on the basis of the Aoki model of institutions, enriched by current approaches to performativity, which I combine with Searle's notion of a status function. Performativity is conceived as resulting from the conjunction of public representations (sign systems) and behavioral dispositions which channel strategic interactions among actors such that certain sets of institutions are reproduced recurrently. I apply this approach on the case of financial capitalism and analyze three strongly performative institutions, the accounting standards (IFRS), managerial incentive systems and intellectual property rights.
Subjects: 
performativity
distributed cognition
status functions
taxonomy of economic systems
financial capitalism
JEL: 
B41
P00
Document Type: 
Working Paper

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