Markets are products of truth struggles, not validators of truth

Evidence

Our approach in this volume will be different. We shall maintain there is no such thing as “the market” as monolithic entity, and in any case, it does not come equipped with supernatural powers of truth production. Markets don’t “validate” truth; rather, markets are the product of struggles over the truth. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 288

Categorization

• DEFINE: Inverts the market-validates-truth claim common to some economic epistemologies; defines markets as constructed outcomes.
• XREF: connects to: Neoliberalism makes the market, not experts, the arbiter of truth — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 927; Historical truth is not validated by success or acceptance — Herbert Marcuse, One-Dimensional Man: Studies in the…, 784; The market replaced law as the source of state truth and legitimacy — Wendy Brown, Undoing the Demos: Neoliberalism’s…, 98 (+3 more)

Broader Connections

• Neoliberalism makes the market, not experts, the arbiter of truth #corroborates (0.90) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 927
• Historical truth is not validated by success or acceptance #corroborates (0.85) — Herbert Marcuse, One-Dimensional Man, 784
• The pre-eighteenth-century market functioned as a site of justice, not truth #expands (0.80) — Michel Foucault, The Birth of Biopolitics, 321
• The market replaced law as the source of state truth and legitimacy #corroborates (0.75) — Wendy Brown, Undoing the Demos, 98