Please use this identifier to cite or link to this item: http://hdl.handle.net/10316/81386
Title: Neoliberalism in the Laboratory? Experimental Economics on Markets and their Limits
Authors: Santos, Ana Cordeiro 
Rodrigues, João 
Keywords: Experimental economics; Markets; Cognitive biases and heuristics; Endogenous and social preferences; Neoliberalism
Issue Date: 2013
Publisher: Taylor & Francis
Project: PTDC/PSI-PSO/114257/2009 
SFRH/BPD/74209/2010 
Serial title, monograph or event: New Political Economy
Volume: 19
Issue: 4
Abstract: Experimental economics is now part of mainstream economics and is fast becoming one of its most influential methods. Drawing on the distinction between market and behavioural experimentation, this article assesses the compatibility of the most influential experimental research with the neoliberal understanding of the political and moral preconditions for markets to develop. A politically relevant asymmetry at the core of this research programme will be signalled: while issues of political economy are eschewed by market experimenters (for example, whose interests are favoured and whose groups have power in economic processes), topics of moral economy are recognised and dealt with by behavioural experimenters (for example, the interactions between economic institutions and individuals' motivations and moral make-up). It is argued that experimental research has thereby contributed to a depoliticised and moralised view of markets, one that tends to present markets as a civilising institution once their technical and moral failures are recognised and adequately dealt with.
URI: http://hdl.handle.net/10316/81386
ISSN: 1356-3467
1469-9923
DOI: 10.1080/13563467.2013.829433
Rights: openAccess
Appears in Collections:I&D CES - Artigos em Revistas Internacionais

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