Book contents
- Market Studies
- Market Studies
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgements
- Introduction: The Multiple Pasts, Presents and Futures of Markets and Market Studies
- Part I Market Designs and Market Misfires
- Chapter 1 Tinkering in Markets for Collective Goods: Experiments, Exceptionalities and the Case of HIV Medications
- Chapter 2 Market Engineering: A New Problem for Market Studies?
- Chapter 3 Disentangling Marketization from Assetization? The Case of the Market for Social Investments
- Chapter 4 Factishing a Market
- Chapter 5 The Dynamics of Ongoing Market Maintenance through Centralized Market Work
- Part II Post-Performative Approaches to Studying Markets
- Part III Valuation
- Part IV Markets in Motion: Places and Spaces
- Part V The Secret Life of Market Studies Methods
- Part VI Broadening the Perspectives in Market Studies
- Part VII Future (Im)Perfect Markets
- Index
- References
Chapter 4 - Factishing a Market
from Part I - Market Designs and Market Misfires
Published online by Cambridge University Press: 22 November 2024
Book contents
- Market Studies
- Market Studies
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgements
- Introduction: The Multiple Pasts, Presents and Futures of Markets and Market Studies
- Part I Market Designs and Market Misfires
- Chapter 1 Tinkering in Markets for Collective Goods: Experiments, Exceptionalities and the Case of HIV Medications
- Chapter 2 Market Engineering: A New Problem for Market Studies?
- Chapter 3 Disentangling Marketization from Assetization? The Case of the Market for Social Investments
- Chapter 4 Factishing a Market
- Chapter 5 The Dynamics of Ongoing Market Maintenance through Centralized Market Work
- Part II Post-Performative Approaches to Studying Markets
- Part III Valuation
- Part IV Markets in Motion: Places and Spaces
- Part V The Secret Life of Market Studies Methods
- Part VI Broadening the Perspectives in Market Studies
- Part VII Future (Im)Perfect Markets
- Index
- References
Summary
This chapter contributes to understanding market design by examining the construction, mobilization, and contestation of facts and fetishes within an ongoing design process, introducing the notion of ‘factishing’ a market. The premise is that facts and fetishes are manufactured and interconnected, shaped by different market actors, and serve different purposes. This combination empowers multiple market actors to make market design work in practice and catalyses market innovation. This conceptualization draws on the empirical case of the Brazilian cancer pill, phosphoethanolamine. This substance was originally intended to ‘cure cancer’ and became the centre of a protracted conflict involving patients, researchers, a public university, physicians, courts, the regulatory agency, and legislators, intensely covered by national media outlets, culminating in the pill’s emergence in the market as a dietary supplement.
- Type
- Chapter
- Information
- Market StudiesMapping, Theorizing and Impacting Market Action, pp. 66 - 80Publisher: Cambridge University PressPrint publication year: 2024
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