Print Email Facebook Twitter Fictions and frictions Title Fictions and frictions: Promises, transaction costs and the innovation of network technologies Author Pesch, U. (TU Delft Ethics & Philosophy of Technology) Ishmaev, G. (TU Delft Ethics & Philosophy of Technology) Date 2019 Abstract New network technologies are framed as eliminating ‘transaction costs’, a notion first developed in economic theory that now drives the design of market systems. However, the actual promise of the elimination of transaction costs seems unfeasible, because of a cyclical pattern in which network technologies that make that promise create processes of institutionalization that create new forms transaction costs. Nonetheless, the promises legitimize the exemption of innovations of network technologies from critical scrutiny. Subject blockchaindecentralized market placesfintechnetwork technologiestechnical promisestransaction costs To reference this document use: http://resolver.tudelft.nl/uuid:545184ac-b9b9-49ad-b1b7-17190fd4e21a DOI https://doi.org/10.1177/0306312719838339 ISSN 0306-3127 Source Social Studies of Science: an international review of research in the social dimensions of science and technology, 49 (2), 264-277 Part of collection Institutional Repository Document type journal article Rights © 2019 U. Pesch, G. Ishmaev Files PDF 0306312719838339.pdf 198.74 KB Close viewer /islandora/object/uuid:545184ac-b9b9-49ad-b1b7-17190fd4e21a/datastream/OBJ/view