Category: practices

  • Bourdieu, art and financial value

    Pierre Bourdieu’s work on symbolic value in the field of cultural production is surprisingly useful as a model for explaining the value of financial assets. As my recent posts have argued, financial value depends on symbolic narratives that claim certain qualities for the assets concerned and seek to associate them with particular theories of value. Bourdieu’s…

  • Social structures built on other social structures

    My book Profit and Gift in the Digital Economy argues that we should explain the economy in terms of complexes of appropriative practices, while my earlier work stresses that causal influence is exerted by entities – people, objects, and social entities like organisations (which are in turn composed of people and often objects too). In this…

  • Profit and Gift in the Digital Economy: extract from chapter 5

    My second extract from Profit and Gift in the Digital Economy discusses the concept of a complex of appropriative practices. It contrasts various applications of the concept with Marxist approaches to capitalism as a mode of production.

  • Profit and Gift in the Digital Economy: extract from chapter 1

    This post reproduces text from the opening pages of my 2016 book Profit and Gift in the Digital Economy. The central original contribution of this book is to propose a new framework that enables us both to see and to analyse a vast range of diverse economic forms, and to illustrate that framework by applying…

  • Realism and practice theory

    As a realist who uses the concept of practices (not least in my book, Profit and Gift in the Digital Economy), I’ve occasionally been surprised by hostility to the concept from some other critical realists.Here I’d like to defend the concept, while putting some caveats around how realists should use it.

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