Capitalization builds the thing being valued at the same time it appraises that thing
Evidence
According to Muniesa (2012, 31), capitalization involves a dual process of valuation in which (a) the appraisal of the value of something (e.g., business entity) is simultaneous with (b) the construction of the thing to be valued (e.g., earnings). As a result, value involves a set of political-economic and technoscientific activities like accounting (e.g., Miller and O’Leary 2007), business models (e.g., Doganova and Eyquem-Renault 2009; Baden-Fuller and Morgan 2010), law (Pistor 2013), standards setting (e.g., Busch 2011), market regulations (e.g., Christophers 2015), and so on. It is important to unpack these various valuation practices—or how value is constituted and configured—at play in the bio-economy in order to avoid black-boxing value. — Kean Birch, Rethinking Value in the Bio-economy, 31
Categorization
- DEFINE: Defines capitalization as a dual process where appraisal and construction are simultaneous — the foundational move of the assetization debate.
- XREF: Directly connects to the reading purpose: this is the core conceptual framing of assetization literature (Muniesa, Birch on biotechnology). — connects to: Value is not inherent in things but achieved through capitalization practices. — Kean Birch, Rethinking Value in the Bio-economy:…, 28; Knowledge created from a position of strength produces the object it claims to describe; Real subsumption makes social relations emerge from capital itself — Grant Bollmer, Katherine Guinness, The Influencer Factory: A Marxist…, 104 (+1 more)
Related
- Value is not inherent in things but achieved through capitalization practices. (similarity 0.90)
- Value in the bio-economy is produced through valuation practices, not intrinsic to biological matter. (similarity 0.87)
- Capitalization scholarship often treats capital as a living thing embodied in commodities. (similarity 0.85)
- Bio-economy valuation practices are not peculiar to that sector. (similarity 0.85)
- Value in the bio-economy is better theorized through assetization than commodification. (similarity 0.83)
- Value is constituted by knowledge and practice, not merely hype. (similarity 0.83)
- Understanding value requires studying the assets underpinning firm valuation, not commodity production. (similarity 0.82)
- Value in the bio-economy is managed through asset governance, not product sales. (similarity 0.82)
- Asset value is constituted by active management within organizations, not by biological properties. (similarity 0.82)
- Understanding value as assetization requires analyzing political economy, not just applying STS to finance. (similarity 0.82)
- Analyzing bio-economy value requires focusing on assets rather than commodities (similarity 0.81)
- Value emerges from relational valuation practices, not from objects themselves. (similarity 0.81)
- In the bioeconomy, informational signaling about assets, not product sales, constitutes firm value. (similarity 0.81)
- Asset value is actively managed, including downward, and its constructedness is obscured. (similarity 0.80)
- Asset value derives from future earnings rather than intrinsic commodity value (similarity 0.79)
Broader Connections
- Value is not inherent in things but achieved through capitalization practices.
#corroborates(0.90) — Kean Birch, Rethinking Value in the Bio-economy, 28 - Looking at an object constitutes labor that increases its value
#exemplifies(0.85) — Yves Citton, The Ecology of Attention, 145 - Knowledge created from a position of strength produces the object it claims to describe
#expands(0.80) - Real subsumption makes social relations emerge from capital itself
#expands(0.72) — Grant Bollmer, Katherine Guinness, The Influencer Factory, 104