Article ID: CBB272675718

Fictions and frictions: Promises, transaction costs and the innovation of network technologies: Research Note (April 2019)

unapi

New network technologies are framed as eliminating ‘transaction costs’, a notion first developed in economic theory that now drives the design of market systems. However, the actual promise of the elimination of transaction costs seems unfeasible, because of a cyclical pattern in which network technologies that make that promise create processes of institutionalization that create new forms of transaction costs. Nonetheless, the promises legitimize the exemption of innovations of network technologies from critical scrutiny.

...More
Citation URI
https://data.isiscb.org/isis/citation/CBB272675718/

Similar Citations

Book Walter Mattli; (2019)
Darkness by Design: The Hidden Power in Global Capital Markets (/isis/citation/CBB701426975/)

Book Juan Pablo Pardo-Guerra; (2019)
Automating Finance: Infrastructures, Engineers, and the Making of Electronic Markets (/isis/citation/CBB463429723/)

Book Emiliano Treré; (2019)
Hybrid media activism : Ecologies, imaginaries, algorithms (/isis/citation/CBB953847626/)

Article Jan Ploeger; Ruth Oldenziel; (August 2020)
The sociotechnical roots of smart mobility: Bike sharing since 1965 (/isis/citation/CBB062123435/)

Article Breslau, Daniel; (December 2013)
Designing a market-like entity: Economics in the politics of market formation (/isis/citation/CBB008203841/)

Article Kean Birch; (May 2017)
Rethinking Value in the Bio-economy: Finance, Assetization, and the Management of Value (/isis/citation/CBB133617956/)

Article Donald Mackenzie; (April 2017)
A material political economy: Automated Trading Desk and price prediction in high-frequency trading (/isis/citation/CBB223169333/)

Article Kristian Bondo Hansen; (May 2021)
Model Talk: Calculative Cultures in Quantitative Finance (/isis/citation/CBB253400044/)

Book Samuel Greengard; (2021)
The Internet of Things (/isis/citation/CBB874725102/)

Book Wajcman, Judy; (2015)
Pressed for Time: The Acceleration of Life in Digital Capitalism (/isis/citation/CBB623486492/)

Article Li, Jianping; Zhang, Yongjie; Wu, Dengsheng; Zhang, Wei; (2014)
Impacts of Big Data in the Chinese Financial Industry (/isis/citation/CBB752096089/)

Article Vasily P. Borisov; (2016)
Technology in Russia: History, Events, Views (/isis/citation/CBB037499078/)

Article Nory B. Jones; C. Matt Graham; (2018)
Can the IoT Help Small Businesses? (/isis/citation/CBB550701177/)

Article Joseph November; (2018)
More than Moore's Mores: Computers, Genomics, and the Embrace of Innovation (/isis/citation/CBB011461920/)

Authors & Contributors
Walter Mattli
Moats, David
Emiliano Treré
Zhang, Yongjie
Wu, Dengsheng
Li, Jianping
Concepts
Technoscience; science and technology studies
Technological innovation
Information technology
Technology and society
Finance
Computers and computing
Time Periods
21st century
20th century, late
20th century
20th century, early
Places
United States
China
Netherlands
Spain
Italy
Mexico
Institutions
National Human Genome Research Institute
United States. Securities and Exchange Commission
Comments

Be the first to comment!

{{ comment.created_by.username }} on {{ comment.created_on | date:'medium' }}

Log in or register to comment