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  1. The epistemic division of labour in markets: knowledge, global trade and the preconditions of morally responsible agency.Lisa Herzog - 2020 - Economics and Philosophy 36 (2):266-286.
    Markets allow for the processing of decentralized information through the price mechanism. But in addition, many markets rely on other mechanisms in markets, or non-market institutions, that provide and manage other forms of knowledge. Within national economies, these institutions form an ‘epistemic infrastructure’ for markets. In global markets, in contrast, this epistemic infrastructure is very patchy, undermining the preconditions for morally responsible agency. New technologies might help to improve the epistemic infrastructure of global markets, but they require conceptualizing knowledge not (...)
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  • Global Trade with an Epistemic Upgrade.Lisa Herzog - 2018 - Moral Philosophy and Politics 5 (2):257-279.
    This paper takes a social epistemology perspective on markets in general and trade deals in particular. Normatively, it is based on considerations of democratic accountability and contestation. Empirically, it is based on the assumption that all markets are embedded in institutional frameworks. Knowledge plays an important role in the institutional framework of markets: it matters both at the level of content – which knowledge has to be processed in what way, according to the market rules? – and at the level (...)
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