Political markets: recycling, economization and marketization

Gregson, N.; Watkins, H.; Calestani, M.

Abstract

This paper considers recycling as an economic activity, locating it in debates about economization, marketization and performativity. It argues that recycling is a reflexive intervention in economic activity which extends the boundaries of markets, by internalizing objects formerly externalized as wastes and by attending to the temporal properties of materials. It differentiates between activities based on manufacturing recycled products and the activities of materials recovery linked to commodity markets in secondary materials. By taking the in vivo economic experiment resulting from the UK's Ship Recycling Strategy as its empirical focus, the paper demonstrates how recycling connects to wider debates about experimentation and the constitution of markets, and shows the importance of assaying and assay devices as market devices to the economization of recycling. It further shows that, in materials recovery, measurement is estimation and things are hard to pacify. This makes recycling difficult to stabilize as an economic activity. The consequences are considerable: notably, the possibility of economic failure can threaten to contaminate stabilized (or ‘cold’) forms of politics. The importance of contracts as a means to securing politicized markets in secondary materials recovery is indicated.

Citation

Gregson, N., Watkins, H., & Calestani, M. (2013). Political markets: recycling, economization and marketization. Economy and Society, 42(1), 1-25. https://doi.org/10.1080/03085147.2012.661625

• Journal Article Type: Article
• Publication Date: 2013
• Deposit Date: Mar 9, 2012
• Publicly Available Date: Mar 26, 2013
• Journal: Economy and Society
• Print ISSN: 0308-5147
• Electronic ISSN: 1469-5766
• Publisher: Taylor and Francis Group
• Peer Reviewed: Peer Reviewed
• Volume: 42
• Issue: 1
• Pages: 1-25
• DOI: https://doi.org/10.1080/03085147.2012.661625
• Keywords: Recycling, Economization, Performativity, Assaying and assay devices, Ship breaking, Waste
• Public URL: https://durham-repository.worktribe.com/output/1510148