44.1 - Markets, Organizations, and Law

Special Issue - Rainer Diaz-Bone & Olivier Favereau (eds.): Markets, Organizations, and Law – Perspectives of Convention Theory on Economic Practices and Structures.

The French approach of economics of convention (in short EC) is a new complex pragmatist institutionalism, which reintegrates the analysis of markets, organizations and law. The contributions apply and develop EC's core concepts as quality conventions, human agency, critique and justification, the incompleteness and plurality of rationalities, state conventions, investments in form, or bad conventions. Also, EC's specific conceptual views on law, enterprises or markets and institutions in general are important topics of this HSR Special Issue. EC's pragmatism continues also structuralist perspectives and shows a growing interest in the social theory of Michel Foucault, who worked on power, dispositive and discourse. One focus of this special issue is to present contributions of members of the second and third generation of EC (as mostly formed at the University of Paris X – Nanterre) but also of an international group of scholars in the field, who apply EC to the analysis of markets, organizations and law. All in all this special issue presents recent developments of EC by gathering contributions from an interdisciplinary field of researchers.