In or Out? Or: Would you let a Luhmannian Invest your Money?

Authors

  • Christian Frankel Escuela de Negocios de Copenhague

Abstract

This contribution to the conversation on Esposito's "Economic Circularities and Second-Order Obser­vation" argues that second-order observation and market are both notions used with several definitions and suggests that further work with these notions may help the conversation to get a better under­standing of not only finance but of markets more generally.

Keywords:

Social Systems Theory, Observation, Second Order Observation, Keynesian Beauty Contest, Market

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