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 3 - Disentangling Marketization from Assetization? The Case of the Market for Social Investments
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
The concept of assetization has been recently developed to designate the social processes through which things are turned into assets. Building on the case of the market for social investment in France, this chapter proposes to untangle the two concepts of marketization and assetization. Assetization occurs when a market object is constructed in such a way that it provides a rent to its owner. However, this chapter departs from the view that describes assetization as the unintended outflow of marketization. Instead, it examines how the prospect of assetization can actually be the key driver behind the creation of new markets. It contends that such entanglements between marketization and assetization should be tracked by investigating: a) whether new markets are supported by coalitions dominated by financial investors and b) whether these markets feature capitalization agencements designed at channelling rent to such investors. It concludes by detailing the conditions needed to untangle the marketization process from the assetization one and calls for Market Studies to exert scrutiny over how numerous ‘markets for collective concerns’ end up being turned into ‘markets for investors.’
- Type
- Chapter
- Information
- Market StudiesMapping, Theorizing and Impacting Market Action, pp. 51 - 65Publisher: Cambridge University PressPrint publication year: 2024
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