Editors: Stan Metcalfe and Alan Warde

There has been increasing interest and debate in recent years on the instituted nature of economic processes in general and the related ideas of the market and the competitive process in particular. This debate lies at the interface between two largely independent disciplines, economics and sociology, and reflects an attempt to bring the two fields of discourse more closely together. This book explores this interface in a number of ways, looking at the competitive process and market relations from a number of different perspectives. It considers the social role of economic institutions in society and examines the various meanings embedded in the word 'markets', as well as developing arguments on the nature of competition as an instituted economic process. The close of the twentieth century saw a virtual canonisation of markets as the best, indeed the only really effective, way to govern an economic system. The market organisation being canonised was simple and pure, along the lines of the standard textbook model in economics. The book discusses the concepts of polysemy , idealism, cognition, materiality and cultural economy. Michael Best provides an account of regional economic adaptation to changed market circumstances. This is the story of the dynamics of capitalism focused on the resurgence of the Route 128 region around Boston following its decline in the mid-1980s in the face of competition from Silicon Valley. The book also addresses the question of how this resurgence was achieved.

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Governing Precarity through Adaptive Design

). To gain entry to the mega-corridors of spiralling feedback loops optimistically failing-forward to an uncertain future, humanitarian innovation demands compliance, behavioural malleability and, not least, necessary ignorance. Unfortunately for post-humanitarianism, however, it has little to offer in return – other, that is, than timely value-added information such that the precariat can positively enjoy the experience of its own abjection. Notes 1 While important, current concerns over data privacy and the power of Silicon Valley are

Journal of Humanitarian Affairs
The resurgence of Route 128 in Massachusetts

, suggested that industry in Massachusetts was in terminal decline. Combined with the setbacks in these major markets was the emerging prominence of Silicon Valley, which was fostering and commercialising innovations much faster than was Route 128, and often in the same technologies. Clearly, few were willing to bet on the resurgence of Route 128. Nevertheless, the predictions of industrial gloom turned out to be wrong, or at least premature. A return to growth beginning in 1992 long surpassed the ‘Massachusetts’ Miracle’.2 Why the rise, the crash, and the rise again

in Market relations and the competitive process

’ of Silicon Valley. O’Hearn argues, for example, that US computer and pharmaceutical companies have set the tone for the ‘Celtic Tiger’, which has transformed the economic, social and cultural make-up of the country.12 Whether the economic growth of the ‘Celtic Tiger’ is perceived to have set the scene for the cultural transformation of Ireland, or conversely whether cultural development is thought to have set the scene for economic growth, we have here an argument that Ireland can be historically and economically placed as ‘American’. Recent Irish political and

in The end of Irish history?
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causation to account for the continuing weak presence of the UK in the software product segments of the global market. In the final chapter, Michael Best provides an account of regional economic adaptation to changed market circumstances. This is the story of the dynamics of capitalism focused on the resurgence of the Route 128 region around Boston following its decline in the mid-1980s in the face of competition from Silicon Valley. The chapter addresses the question of how this resurgence was achieved. The core of the explanation is that a new model of business had to

in Market relations and the competitive process

such as Silicon Valley, or life sciences around Cambridge, UK, to see examples of firms in such economies behaving in decidedly ‘coordinated’, or at least networked, ways (Crouch, 2005). Such cases may be exceptions to the national rule, explained by local or sectoral specificities, or by the importance of state institutions in embedding activities in strategically important sectors. However, they nonetheless point to the need for a granular analysis of how national social structure shapes patterns of firm coordination. Equally, and importantly in so far as a

in Making work more equal
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the British government but vociferously opposed and held in contempt by the Germans, and indeed much of the social democratic polity. 58 Instead, their platform protection against Silicon Valley venture capital-backed attempts to overturn European-regulated accommodation and taxi services, amongst others, is daily backed by those constituencies on which business travellers depend

in Network neutrality
A critical reassessment

industry than during previous expansions.12 Ó Riain13 makes a more indirect argument about the effects of the foreign-owned sector on indigenous activity. He argues that there were ‘two globalisations’ in Ireland in the 1990s. One was the outward movement of US capital through Ireland and into Europe. The other was the development of a dynamic and globally oriented Irish indigenous sector, led by Irish entrepreneurs who were ‘globalised’ by their connections with TNCs in IT in places like California’s Silicon Valley. Ó Riain credits this Irish success to the flexible

in The end of Irish history?
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Doctor Rock (James Belushi), whereupon Rock asks Boyle to drive him to the dog pound to release the his pooch, Bagel. During the drive, the pair get into a discussion about women: rock: Oh man, everything’s turned to shit. Miriam’s thrown me out, man. You know she says I’m too old to be a rock ‘n’ roll disc jockey any more. She wants me to sell computers in Silicon Valley –​can you believe that? boyle:  You know, you know I can’t take these yuppie women. You know, with the Walkmans and the running shoes and the, the … they’d rather go to the aerobics jazz class than

in The cinema of Oliver Stone