Review: Matthew Watson, The Market

Abstract

Matthew Watson’s The Market provides a fascinating and rigorous history of how economists have conceived of markets, gradually eliminating historical, social, political and ethical context from their analysis over more than two centuries. This review notes that the book provides a nuanced genealogy, which stresses many of the contingencies and mutations through which the vocabulary of economics has been formed. But it also notes some unanswered questions raised by the book, concerning the contribution that economic reductionism has made to the rise of the market as an ideological trope of contemporary politics.