Fabian Muniesa

fabian.muniesa [at] mines-paristech.fr

+33.1.40.51.92.88 (office phone) / +33.1.43.54.56.28 (office fax)

CSI, Mines ParisTech, 60 bd St-Michel, 75272 Paris cedex 06 FRANCE

 

Welcome to my personal homepage. My professional profile at the CSI website is here (in French) and here (in English). You will find a PDF version of my CV here (and you can see how I look like here, here or here, also here).

In this webpage you can find access to some publications and further focus on some research areas.

I am a researcher at the Centre de Sociologie de l'Innovation (CSI), a research center of Mines ParisTech (formerly Ecole des Mines de Paris, now also part of Paris Sciences et Lettres and a member of i3). I am also an external faculty affiliate at the Center on Organizational Innovation at Columbia University, at the Center for the Study of Invention and Social Process at Goldsmiths, and at the International University College of Turin. I have a degree in sociology from the Universidad Complutense de Madrid. I also followed there an MSc program (at the Departamento de Cambio Social). I joined the social sciences laboratory at France Télécom R&D in Paris (formerly Centre National d'Etudes des Télécommunications) in 1999 as a PhD student. I defended my PhD thesis at the Ecole des Mines de Paris in 2003, and joined the Department of Information Systems at the London School of Economics for a post-doctoral research fellowship. Subsequently, I joined the Centre de Sociologie de l'Innovation with an international grant from the Ville de Paris. My current, permanent position is of "maître de recherche" (senior researcher, professorial level) at the Ecole des Mines de Paris. My main teaching activity is at the Ecole des Mines de Paris, where I teach a course on the sociology of markets (course S9525) for the third year students of the engineering programme. I am involved in other teaching activities, which include the ISIGE's master programme in environmental engineering and management. Other teaching collaborations include special-purpose seminars such as the Organizing Agents and Institutions PhD Course at the Copenhagen Business School or the MSc in Comparative Law, Economics and Finance at the International University College of Turin. I also act as a co-supervisor for a number of PhD candidates at the CSI, and I co-direct the CSI doctoral research workshop. I am also the executive director of the Observatory for Responsible Innovation at Mines ParisTech. I am currently the principal investigator of the ERC research project PERFORMABUSINESS. And I'm one of the editors of Valuation Studies.

My primary research fields are science and technology studies and economic sociology. Most of my earlier focus is on the social studies of finance. My main research topics in this area are trading technologies and the automation of financial markets. This includes work on the automation of the Paris Bourse (the main topic of my PhD dissertation), on trading room telephony and on back-office management. My work in this area primarily aims at analysing the role of technical devices in the shaping of markets and at contributing to an empirical, pragmatist approach to the study of calculation. I am also interested in the sociology of economics, and in the study of economic experimental practices. My research interests also include the sociology of quantification, cultures of performance and transparency in management, the sociology of testing, the social studies of architecture and responsibility in innovation. Further research projects include the study of performativity in business education, management consulting and entrepreneurial finance. I also provide consultancy on these and similar topics to public sector institutions and to private organizations, and I participate in policy-oriented initiatives.

 

Selected publications

You will find here a selection of references to published scholarly work, with links to abstracts and files when available (publisher's electronic files or earlier working versions). Please do contact me if you have difficulties accessing the files or databases. For a full list of publications, see my CV here.

 

  References (links to editors, printed versions or working versions when available) Links
(underway)        
  Fabian Muniesa (forthcoming), "Actor-Network Theory", in James D. Wright (Ed.), The International Encyclopedia of Social and Behavioral Sciences , 2nd Edition, Oxford, Elsevier. ###    
  Alaric Bourgoin and Fabian Muniesa (2012), "Marking a consultancy slideshow 'rock solid': a study of pragmatic efficacy", CSI Working Papers Series, 027. Modified version submitted for publication. ### ###  
  Fabian Muniesa (2010). "The problem with economics: naturalism, critique and performativity”, CSI Working Papers Series, 020. Modified version submitted for publication. ### ###  
(2014)        
  Fabian Muniesa (2014), The Provoked Economy: Economic Reality and the Performative Turn, Abingdon, Routledge. ###    
(2013)        
  Véra Ehrenstein and Fabian Muniesa (2013), "The conditional sink: counterfactual display in the valuation of a carbon offsetting reforestation project", Valuation Studies 1(2), 161-188. ### ###  
  Fabian Muniesa and Claes-Fredrik Helgesson (2013), "Valuation Studies and the spectacle of valuation", Valuation Studies, 1(2), 119-123. ###    
  Javier Lezaun, Fabian Muniesa and Signe Vikkelsø (2013), "Provocative containment and the drift of social-scientific realism", Journal of Cultural Economy 6(3): 278-293. ### ### ###
  Fabian Muniesa (2013), "Politiser, économiser la commande", in Didier Debaise, Xavier Douroux, Christian Joschke, Anne Pontégine and Katrin Solhdju (eds.),Faire art comme on fait société: les Nouveaux commanditaires, Dijon, Presses du Réel: 609-616.
###    
  Claes-Fredrik Helgesson and Fabian Muniesa (2013), "For what it's worth: an introduction to Valuation Studies", Valuation Studies 1(1): 1-10. ###    
  Fabian Muniesa and Marc Lenglet (2013), "Responsible innovation in finance: directions and implications", in Richard Owen, John Bessant, Maggy Heintz (eds.), Responsible Innovation: Managing the Responsible Emergence of Science and Innovation in Society, Chichester, Wiley: 185-198. ### ###  
(2012)        
  Fabian Muniesa (2012), "A flank movement in the understanding of valuation", in L. Adkins and C. Lury (eds.), Measure and Value, Oxford, Wiley-Blackwell: 24-38. [Also available as a contribution to a special issue: Sociological Review 59(s2): 24-38.] ### ###  
  Fabian Muniesa (2012), "Responsibility in financial innovation: retooling New Product Committees", Risk & Regulation 23: 18-19. ### ###  
  Margaret Armstrong, Guillaume Cornut, Stéphane Delacôte, Marc Lenglet, Yuval Millo, Fabian Muniesa, Alexandre Pointier and Yamina Tadjeddine (2012), "Towards a practical approach to responsible innovation in finance: New Product Committees revisited", Journal of Financial Regulation and Compliance 20(2): 147-168.
### ###  
  Fabian Muniesa and Ivan Tchalakov (2012), "Networks, agents and models: objections and explorations", International Journal of Actor-Network Theory and Technological Innovation 4(1): 13-23. ### ### ###
(2011)
     
  Dominique Linhardt and Fabian Muniesa (2011), "Tenir lieu de politique: le paradoxe des politiques d'économisation", Politix 24(95), 9-21. ###    
  Dominique Linhardt and Fabian Muniesa (2011), "Du ministère à l'agence: étude d'un processus d'altération politique", Politix 24(95), 73-102. ###    
  Fabian Muniesa and Dominique Linhardt (2011), "Trials of explicitness in the implementation of public management reform", Critical Perspectives on Accounting 22(6), 550-566. ###    
  Fabian Muniesa, Dominique Chabert, Marceline Ducrocq-Grondin and Susan V. Scott (2011), "Back-office intricacy: the description of financial objects in an investment bank", Industrial and Corporate Change 20(4): 1189-1213. ###    
  Fabian Muniesa (2011), "Javier Izquierdo and the methodology of reality", Journal of Cultural Economy, 4(1): 109-111. ###    
  Fabian Muniesa (2011), "Is a stock exchange a computer solution? Explicitness, algorithms and the Arizona Stock Exchange", International Journal of Actor-Network Theory and Technological Innovation 3(1): 1-15 ### ### ###
  Fabian Muniesa (2011),“Comment la bourse fait ses prix: ethnographie d’un cours d’action boursière”, in Sophie Houdart and Olivier Thiery (eds.), Humains, non-humains: comment repeupler les sciences sociales, Paris, Presses Universitaires de France: 176-190. ### ###  
(2010)        
  Fabian Muniesa (2010), "Cooling down and heating up: a stress test on politics and economics", in Madeleine Akrich, Yannick Barthe, Fabian Muniesa and Philippe Mustar (eds.), Débordements: Mélanges offerts à Michel Callon, Paris, Presses des Mines: 335-341. ### ### ###
  Fabian Muniesa and Anne-Sophie Trébuchet-Breitwiller (2010), "Becoming a measuring instrument: an ethnography of perfume consumer testing", Journal of Cultural Economy 3(3): 321-337. ###    
  Anne-Sophie Trébuchet-Breitwiller and Fabian Muniesa (2010), "L’emprise des tests: comment les tests marketing agencent le marché de la parfumerie fine", in Armand Hatchuel, Olivier Favereau and Franck Aggeri (eds.), L’activité marchande sans le marché?, Paris, Presses des Mines: 321-338. ### ###  
(2009)        
  Fabian Muniesa and Michel Callon (2009), "La performativité des sciences économiques", in Philippe Steiner and François Vatin (eds.), Traité de sociologie économique, Paris, PUF: 289-324. Reprinted in second edition (2013): 281-315. ### ###  
  Fabian Muniesa (2009), "The description of financial objects", Anthropology Today 25(2): 26-27. ###    
(2008)        
  Fabian Muniesa (2008), "Trading-room telephones and the identification of counterparts", in Trevor Pinch and Richard Swedberg (eds.), Living in a Material World: Economic Sociology meets Science and Technology Studies, Cambridge (Massachusetts), MIT Press: 291-313. ### ### ###
  Fabian Muniesa (2008), Review of Julie Froud, Sukhdev Johal, Adam Leaver and Karel Williams, Financialization and Strategy: Narrative and Numbers (London, Routledge, 2006), European Accounting Review 17(3): 590-592. ###    
  Emiliano Grossman, Emilio Luque and Fabian Muniesa (2008), "Economies through transparency", in Christina Garsten and Monica Lindh de Montoya (Eds.), Transparency in a New Global Order: Unveiling Organizational Visions, Cheltenham, Edward Elgar Publishing: 97-121. ### ### ###
  Fabian Muniesa (2008), "Attachment and detachment in the economy", in Peter Redman (ed.), Attachment: Sociology and Social Worlds, Manchester, Manchester University Press: 111-141. ### ###  
(2007)        
  Fabian Muniesa (2007), "Market technologies and the pragmatics of prices", Economy and Society 36(3): 377-395. ### ### ###
  Fabian Muniesa, Yuval Millo and Michel Callon (2007), "An introduction to market devices”, in Michel Callon, Yuval Millo and Fabian Muniesa (eds.), Market Devices, Oxford, Blackwell: 1-12. [Also available as a contribution to a special issue: Sociological Review 55(s2): 1-12.] ### ### ###
  Michel Callon, Yuval Millo and Fabian Muniesa (eds.) (2007), Market Devices, Oxford, Blackwell. [Also available as a special issue: Sociological Review 55(s2).] ### ### ###
  Fabian Muniesa and Michel Callon (2007), "Economic experiments and the construction of markets”, in D. MacKenzie, F. Muniesa and L. Siu (Eds.), Do Economists Make Markets? On the Performativity of Economics, Princeton, Princeton University Press: 163-189. ### ###  
  Donald MacKenzie, Fabian Muniesa and Lucia Siu (2007) "Introduction", in Donald MacKenzie, Fabian Muniesa and Lucia Siu (eds.) (2007) Do Economists Make Markets? On the Performativity of Economics, Princeton, Princeton University Press: 1-19. ### ###  
  Donald MacKenzie, Fabian Muniesa and Lucia Siu (eds.) (2007) Do Economists Make Markets? On the Performativity of Economics, Princeton, Princeton University Press. ### ###  
(2006)        
  Geneviève Teil and Fabian Muniesa (2006), "Donner un prix: observations à partir d’un dispositif d’économie expérimentale”, Terrains & Travaux (11): 222-244. ### ### ###
  Fabian Muniesa and Dominique Linhardt (2006), "Acteur-réseau (Théorie de l’)”, in Sylvie Mesure and Patrick Savidan (eds.), Le Dictionnaire des Sciences Humaines, Paris, PUF: 4-6. ###    
  Dominique Linhardt and Fabian Muniesa (2006), "Latour Bruno, 1947”, in Sylvie Mesure and Patrick Savidan (eds.), Le Dictionnaire des Sciences Humaines, Paris, PUF: 689-690. ###    
(2005)        
  Fabian Muniesa (2005), "Contenir le marché: la transition de la criée à la cotation électronique à la Bourse de Paris", Sociologie du Travail 47(4): 485-501. ### ###  
  Yuval Millo, Fabian Muniesa, Nikiforos S. Panourgias and Susan V. Scott (2005), "Organised detachment: clearinghouse mechanisms in financial markets", Information and Organization 15(3): 229-246. ###    
  Michel Callon and Fabian Muniesa (2005), "Economic markets as calculative collective devices", Organization Studies 26(8): 1229-1250. ###    
  Daniel Beunza and Fabian Muniesa (2005), "Listening to the spread plot”, in Bruno Latour and Peter Weibel (eds.), Making Things Public: Atmospheres of Democracy, Cambridge (Massachusetts), The MIT Press: 628-633. ### ### ###
  Fabián Muniesa, Emilio Luque, Izaskun Chinchilla and Andrés Jaque (2005), "Ejercicios de empirismo conceptual en arquitectura”, AIBR: Revista de Antropología Iberoamericana (special issue, November-December): electronic edition [http://www.aibr.org]. ###    
  Izaskun Chinchilla and Fabián Muniesa (2005) "La controversia como herramienta proyectual”, in Agustín Hernández Aja, La sostenibilidad en el proyecto arquitectónico y urbanístico. Madrid, IAU+S: 278-281. ###    
  Fabian Muniesa (2005), "Goods/commodities”, in Jens Beckert and Milan Zafirovski (eds.), International Encyclopedia of Economic Sociology, London, Routledge: 311-312. ### ###  
  Fabian Muniesa (2005), "Advertising”, in Jens Beckert and Milan Zafirovski (eds.), International Encyclopedia of Economic Sociology, London, Routledge: 5-6. ### ###  
(2004)        
  Fabian Muniesa (2004), "Assemblage of a market mechanism", Journal of the Center for Information Studies (5): 11-19. ###    
  Fabian Muniesa (2004), Review of Nelly Oudshoorn and Trevor Pinch (eds.), How Users Matter: The Co-construction of Users and Technologies (Cambridge, Massachusetts, MIT Press, 2003), British Journal of Sociology 55(4): 598. ###    
(2003)        
  Michel Callon and Fabian Muniesa (2003), "Les marchés économiques comme dispositifs collectifs de calcul", Réseaux 21(122): 189-233. ###    
  Michel Callon, Christian Licoppe and Fabian Muniesa (eds.) (2003), Technologies de Marché, special issue of Réseaux 21(122), Paris, Hermès Science. ###    
  Fabian Muniesa (2003), Des marchés comme algorithmes: sociologie de la cotation électronique à la Bourse de Paris, Thèse de doctorat (PhD Thesis), Ecole des Mines de Paris. ### ###  
(2000)        
  Fabian Muniesa (2000) "Un robot walrasien: cotation électronique et justesse de la découverte des prix", Politix 13(52): 121-154. ###    
  Dominique Cardon, Patrick Lehingue and Fabian Muniesa (eds.) (2000), Marchés Financiers, special issue of Politix 13(52), Paris, Hermès Science. ###    
  Olivier Godechot, Jean-Pierre Hassoun and Fabian Muniesa (2000), "La volatilité des postes: professionnels des marchés financiers et informatisation", Actes de la Recherche en Sciences Sociales (134): 45-55. ###    
  Fabian Muniesa (2000), "Performing prices: the case of price discovery automation in the financial markets", in Herbert Kalthoff, Richard Rottenburg and Hans-Jürgen Wagener (Eds.), Facts and Figures: Economic Representations and Practices (Jahrbuch Ökonomie und Gesellschaft 16), Marburg, Metropolis: 289-312. ### ###  
  Fabian Muniesa (2000), Review of James Carrier and Daniel Miller (Eds.), Virtualism: A New Political Economy (Oxford, Berg, 1998), Ethnos 65(1): 144-145. ###    
(1999)        
  Fabián Muniesa (1999), Review of Michel Callon (Ed.), The Laws of the Markets (Oxford, Blackwell, 1998), Política y Sociedad (31): 225-227. ###    
  Fabián Muniesa (1999), Review of Miquel Domènech and Francisco J. Tirado (Eds.), Sociología Simétrica: Ensayos sobre Ciencia, Technología y Sociedad (Barcelona, Gedisa, 1998), Revista de Libros (26): 24. ###    
(1997)        
  Fabián Muniesa Clément (1997), "El método D.A.P.P. de orientación vocacional y algunos nuevos marcos conceptuales para la orientación psicoeducativa", Bordón 49(3): 237-244. ###    
         

 

Research focus

 

Social studies of finance

Interested in the social studies of finance? You may want to visit the website of the Association d'études sociales de la finance, a French academic society wich I presided for its first two years of existence. The website contains a useful set of links and research resources. You may also want to register at the Social Studies of Finance Network international mailing list. Check also the finance-related panels at the annual conferences of the Society for Social Studies of Science. and the Socety for the Advancement of Socio-Economics. I've co-edited two journal special issues on the social studies of finance (in French): one in 2000 for Politix (available here) and another in 2003 for Réseaux (available here). My overall position in the field is summarized in "The description of financial objects", a very brief call for a material, semiotic approach to the study of finance.

My own early contribution to the field was mostly coming from my doctoral work on the automation of the Paris Bourse. Some aspects of this work have been elaborated in several papers: in "Contenir le marché", for instance, I provide a sociological analysis of the implementation of an electronic trading system at the Paris Bourse, and in "Un robot walrasien" I focus on how this technology is meant to achieve an idea of accuracy in the price discovery process. I use this material in "Market technologies and the pragmatics of prices" in order to elaborate a pragmatist, materialist theory of prices, based on C. S. Peirce's theory of signs. I look at the topic of anonymity, transparency and communication technologies in trading rooms in "Trading-room telephones and the identification of counterparts" (an analysis of the use of telephones in trading rooms) and in "Economies through transparency" (a co-authored essay on the politics of transparency in financial markets, corporate life and economic regulation).

Newer research on the sociology of financial valuation comes primarily from my PERFORMABUSINESS research project. The main lineaments of my approach to the social study of capitalization is communicated in "A flank movement in the understanding of valuation" and in The Provoked Economy.

 

Markets, business, economics and performativity

I have been involved in a number of initiatives on the topic of the shaping of markets that are bringing together an interesting research agenda at the crossroad of science and technology studies, economic sociology, management sciences and economics. The annual meeting of the Society for Social Studies of Science in 2004 (Paris) included three interelated sessions on "Economic experiments", "Social and consumer sciences shaping market(-ing) practices" and "The performativities of economics" (programme available here), that were at the origins of the Market Devices and Do Economists Make Markets? book projects. Several colloquium tracks at the annual meeting of the European Group for Organization Studies or the Society for the Advancement of Socio-Economics have also hosted a number of discussions on topics such as performativity, innovation, market technologies, path-dependence and marketing.

My latest contributions to the topic of the performativity of economics are "La performativité des sciences économiques" (a paper prepared with Michel Callon for a volume on economic sociology edited at PUF) and "The problem with economics: naturalism, critique and performativity" (an anthropological reflexion on naturalism in economic thought, initially prepared for the 2006 Colloque de Cerisy). My interest in performativity is connected to my interest in the sociology of testing. Llatest work in this area consists in an ethnography of perfume testing, in collaboration with Anne-Sophie Trébuchet-Breitwiller: see "Becoming a measuring instrument: an ethnography of perfume consumer testing". See also, in collaboration with Javier Lezaun and Signe Vikkelsø, "Provocative containment and the drift of social-scientific realism" (a co-authored paper that pursues interest in experimental psychology).

In a PERFORMABUSINESS I engage into an exploration of the performativity of business education, management consulting and entrepreneurial finance. My book The Provoked Economy: Economic Reality and the Performative Turn maps my view on the problem of performativity.

If you are interested in these kinds of topics, I recommend the journal Valuation Studies, a new projet for fresh ideas on the study of social practices of valuation.

 

Sociology of quantification

I have recently worked, together with Dominique Linhardt, on an exploration of some aspects of the implementation of the LOLF in France. The research project , titled "PRAGMALOLF", was funded by the ANR. Keywords such as "transparency" and "performance" are associated with this ambitious reform of public management and public finance in France. Our research project is particularly interested in the development of performance indicators whose aim is to account quantitatively for the shape and scope of public action. In "Trials of explicitness in the implementation of public management reform" we use material from this research to develop the potentials of a pragmatist approach to the study of the state. This is also further explored in the closing chapter of The Provoked Economy.

Issues of transparency and quantification are also at the center of ATACD (A Topological Apporach to Cultural Dynamics), a project for the development of scholarly exchange around topics such as the cultures of quantification and network analysis. Quantitative analytical and visualization tools are also important in current developments at the CSI on the topic of "mapping controversies".

 

Architecture and sustainability

Sustainability in architectural and urban projects serves as a topic for a set of ongoing collaborations with a group of sociologists and architects (mainly in Spain), focused on the development of innovations in the context of architectural pedagogy. I've been involved in some of these collaborations, especially at the Escuela Técnica Superior de Arquitectura de Madrid and the Universidad de Alicante, in close collaboration with colleagues Emilio Luque and Izaskun Chinchilla. Some references about these experiments can be traced through here, here, here and here.

 

Responsible innovation

In today's world, innovation gets more and more complex, develops at a very fast pace and generates unforeseen, sometimes catastrophic consequences. There are multiple but often dissonant ways in which the value of innovation can be accounted for. Please visit "Debating Innovation", the website of the Observatory for Responsible Innovation, an initiative based at Mines ParisTech which I have directed since 2011. The Observatory defends the view that, today, innovating means coping with innovation's problematic externalities, and that the value of innovation is a complex, controversial and, above all, collective issue. One initial thematic focus of the Observatory is responsible innovation in finance.

 

 

<Last update: 07/03/2014>