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The Cultures of MarketsThe Political Economy of Climate Governance$
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Janelle Knox-Hayes

Print publication date: 2016

Print ISBN-13: 9780198718451

Published to Oxford Scholarship Online: August 2016

DOI: 10.1093/acprof:oso/9780198718451.001.0001

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The Cultures of Markets

The Cultures of Markets

Interplay between Economic and Political Governance

(p.179) 7 The Cultures of Markets
The Cultures of Markets

Janelle Knox-Hayes

Oxford University Press

Chapter 7 is the first of two discussion chapters integrating the theoretical elements raised in Chapters 1 and 2 with the case studies. As such the chapter explores a wide range of issues, including the bases for building the authority to govern climate change, and examines the interplay of cultures with market and social justice in climate governance. The chapter also examines the role of technocratic norms in channeling climate policy through emissions markets, and the ways in which local political economic cultures interact with those technocratic standards. Finally, the chapter addresses the challenges posed to technocratic approaches once space and time are factored into analysis. It raises the possibility that bridging concepts may be able to close the gap between local cultures of markets and international standards.

Keywords:   cultures, economic governance, political governance, authority bases, civic engagement, market justice, social justice, social values, technocratic norms, bridge concepts

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