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Market Therapy? On Intervention in the Consociation with Non†members

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  • Steffen Roth

Abstract

While the majority of market interventions is concerned with market interventions that are good for particular market participants, this article is interested in interventions that are good for markets. We draw on observations of historical markets as presented by Hamilton Grierson and Max Weber to rediscover markets as forms of communication that systematically transcend the ambitions and influence of the individual market participants. We show that this non†possessive concept of markets cancels established definitions of market failure and corresponding justifications of market interventions. We then imagine market intervention strategies that account for rather than problematize the double†contingent nature of markets and outline systemic intervention strategies that emerge if we observe markets in the medium of the health system rather than in the medium of the economy. Copyright © 2016 John Wiley & Sons, Ltd.

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  • Steffen Roth, 2018. "Market Therapy? On Intervention in the Consociation with Non†members," Systems Research and Behavioral Science, Wiley Blackwell, vol. 35(1), pages 127-138, January.
  • Handle: RePEc:bla:srbeha:v:35:y:2018:i:1:p:127-138
    DOI: 10.1002/sres.2445
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    Cited by:

    1. José Antonio Plaza‐Úbeda & Miguel Pérez‐Valls & José Joaquín Céspedes‐Lorente & Belén Payán‐Sánchez, 2020. "The contribution of systems theory to sustainability in degrowth contexts: The role of subsystems," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(1), pages 68-81, January.
    2. Vladislav Valentinov, 2022. "System or Process? A Meta-theoretical Reflection on the Nature of the Firm," Systemic Practice and Action Research, Springer, vol. 35(1), pages 1-14, February.

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