In 1991, an anthropologist, Nicholas Thomas, wrote a book entitled “Entangled Objects” in which he proposed that other dimensions of commodity exchange exist outside of what is usually analyzed in terms of production and circulation. That is, objects are entangled with other objects and situations to a degree that confounded both the theory of revealed preference and the Marxist analysis of surplus value, the latter of which held production and circulation too far apart, the former of which had forgotten production and overlapping markets altogether. The idea of entanglement was taken up by two different economic sociologists, Daniel Miller and Michel Callon, who have clashed about just what it means. Callon, who is better known, is one of the architects of Actor Network Theory, has made field studies of fishermen and stock brokers to study markets and producers. His theory of markets, based in this research, accords a great role to what he calls the performativity of economics mod
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