ABSTRACT
In this chapter, the authors focus on expanding Philip Mirowski’s analysis of the market of ideas in a precise direction. They show that manipulation extends beyond his categories of murketing, buycotting and snapprenticeship: the big data revolution and the rapidly declining costs of computing allow for unprecedented forms of highly intrusive and effective business surveillance. Karl William Kapp’s critique of business enterprise and the market casts the inevitability of cost-shifting in the context of a broader reasoning regarding the in-built, profitably exploitable, informational flaws of monetary calculation in a system of business enterprise. Reliable empirical evidence emerging from several sectoral fields of applied research helps explain why an adjourned version of asymmetric power- and information-based theory of social costs of business enterprise can provide a comprehensive conceptual framework for dealing with the circular cumulative processes fostering and prospective socio-economic and ecological crises.
