Value in the bio-economy is produced through valuation practices, not intrinsic to biological matter.
Evidence
What is missing from these perspectives, however, is consideration of the political-economic actors, knowledges, and practices involved in the creation and management of value. As part of a rethinking of value in the bio-economy, this article analyzes three key political-economic processes: financialization, capitalization, and assetization. In doing so, it argues that value is managed as part of a series of valuation practices, it is not inherent in biological materialities. — Kean Birch, Rethinking Value in the Bio-economy, 1
Categorization
- DEFINE: Sets up the central intervention: value as managed/constructed through valuation practices (financialization, capitalization, assetization) rather than inherent in biological materiality — the core definitional move of the assetization debate.
- DEEPTHINKING: The counterintuitive inversion — value located in practices/management rather than the biological material itself — reorients how one reads commodification claims across STS and finance.
- XREF: connects to: Value emerges from relational valuation practices, not from objects themselves. — Ève Chiapello, Financialisation of Valuation, 23; The economy is a constructed concept rather than a natural object. — Andrew deWaard, Derivative Media: How Wall Street…, 538; Exchange itself, not utility or scarcity, creates economic value. — Georg Simmel, on individuality and social forms_…, 261 (+5 more)
Related
- Value is not inherent in things but achieved through capitalization practices. (similarity 0.91)
- Bio-economy valuation practices are not peculiar to that sector. (similarity 0.90)
- Value emerges from relational valuation practices, not from objects themselves. (similarity 0.88)
- Value in the bio-economy is better theorized through assetization than commodification. (similarity 0.88)
- Understanding value requires studying the assets underpinning firm valuation, not commodity production. (similarity 0.88)
- Value is constituted by knowledge and practice, not merely hype. (similarity 0.87)
- Capitalization builds the thing being valued at the same time it appraises that thing (similarity 0.87)
- Understanding value as assetization requires analyzing political economy, not just applying STS to finance. (similarity 0.87)
- Analyzing bio-economy value requires focusing on assets rather than commodities (similarity 0.87)
- Asset value derives from future earnings rather than intrinsic commodity value (similarity 0.87)
- Asset value is constituted by active management within organizations, not by biological properties. (similarity 0.86)
- Value in the bio-economy is managed through asset governance, not product sales. (similarity 0.86)
- Accounting for biological assets reflects chosen methods, not intrinsic biological qualities (similarity 0.84)
- Asset value is actively managed, including downward, and its constructedness is obscured. (similarity 0.84)
- Financialisation also colonizes non-economic spheres via valuation techniques. (similarity 0.84)
Broader Connections
- Value emerges from relational valuation practices, not from objects themselves.
#corroborates(0.95) — Ève Chiapello, Financialisation of Valuation, 23 - Exchange itself, not utility or scarcity, creates economic value.
#corroborates(0.85) — Georg Simmel, on individuality and social forms_…, 261 - The economy is a constructed concept rather than a natural object.
#expands(0.75) — Andrew deWaard, Derivative Media, 538 - Cultural goods derive exchange-value from production, not from any special appearance of immediacy
#corroborates(0.75) — Dirk Braunstein, Adorno’s Critique of Political Economy, 444