At a time when the formerly strictly separated roles of citizen and consumer are arguably blurry, and when once powerful social institutions increasingly must yield to new social forces based on heightened knowledgeability and historically unprecedented wealth, it is likely that the economy of modern society is also subject to implicit changes. In this article, we argue that traditional theories of the market are increasingly losing their basis for analysing economic relationships as purely rational acts of exchange and utility maximization. (...) Instead, what can be witnessed is an increase in the influence of values and norms on markets, guiding our attention to how deeply embedded economic action is in modern culture. We put forward the idea of a moralization of markets, which has begun to change our conceptions and theories regarding what is at stake in a modern economy fundamentally. We conclude that in the future, production processes and standards, codes of conduct and consumer reasoning will become all the more important for doing business in Western knowledge societies. (shrink)

Having been used in various guises and debates for quite some time the notion of mediatization (and related concepts such as mediation or medialization) promises to expand the horizon of media and communication research. Casting the role of the media in and for current western societies as ever more central employing a range of theoretical approaches, mediatization could help to further advance our knowledge of the role of mediated communication for the creation of social realities today. Still, the recent interest (...) in the conceptual framework has also caused confusion as to which approaches are compatible, to which methodological scope the concept extends and what its theoretical and ideational roots are. This article tries to sort through the wealth of conceptual propositions in order to clarify a research approach that might help to reunite social, cultural and communication theory in the face of today's media culture. (shrink)

Our paper offers a contribution to the growing literature on the sociology of innovation rather than the still dominant economic theory of innovation. We suggest that innovation first and foremost represents a process of cognitive displacement whereby existing metaphorical frameworks are reconstituted to account for new phenomena in a process that changes both the metaphor’s and the new phenomenon’s compositions. We suggest that integral to this process is knowledgeability, or a bundle of social and cognitive competencies that emerge as one (...) of the main prerequisites for innovative thinking. We conclude by examining the most important social and cognitive competencies that structure the possibilities for invention and innovation in the contemporary knowledge economy. (shrink)

Our article addresses the question how to assess and measure the value or price of knowledge, and probes the issue from a variety of social scientific and practical perspectives. Against the background of a sociological concept of knowledge, economic, political, social, and juridical perspectives that may lead to a price of knowledge are discussed. We observe that knowledge is seen to play an ever greater role within as well as across economies and politics; that its embodiment makes it difficult to (...) divorce it from its carriers; and that knowledge is deeply entrenched in questions of social relations and stratification. As such, it is cannot be captured in a straightforward manner, especially given the persistent stand-off between its individual, economic, and public relevancies and benefits. A simple arithmetic of the price of knowledge fails. (shrink)