The Imagined Market

Donald MacKenzie

  • Machine Dreams: Economics Becomes a Cyborg Science by Philip Mirowski
    Cambridge, 670 pp, £24.95, February 2002, ISBN 0 521 77526 4

I’ve started giving my students money. Not to bribe my way to favourable teaching reviews, but to provoke reflection about the relations between economic and sociological views of human beings. The money is used to play the ‘ultimatum game’. A large class divides itself into pairs, who must not be friends or acquaintances. Each pair collects ten 5p coins. One of the pair proposes a division of the coins, and the other either accepts or rejects the proposal. The game is then over: no negotiation is allowed. If the offer is accepted, the students keep the coins, splitting them as agreed. If it is rejected, the coins are returned to me.

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[*] LRB, 13 April 2000.

Vol. 24 No. 21 · 31 October 2002 » Donald MacKenzie » The Imagined Market (print version)
Pages 22-24 | 3958 words