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Ecocity, Knowledge city, Smart city

Patrizia Ingallina


Knowledge Markets and Social Urban Innovation1

Francisco Javier Carrillo

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Markets, financial ones in particular, are struggling today with their reputation. The deep impacts of the continued stagnation since the USA subprime crisis and the productivity shock through the Euro zone and emerging economies is far from over. Unresolved structural threats to global stability have nourished an unprecedented skepticism of key tenants of the economic establishment. These include long-held assumptions about individual rationality and markets self-regulation.

Continuous scandals in banking institutions formerly regarded as “too big to fail” have exposed the rigged inners of globalized financial markets. The neoclassical dogma of market self-regulation is looking increasingly as an ideological stand, removed from empirical grounds. That belief disregarded “market failures” anomalies, providing justification to those taking advantage. “The markets” have been exposed as real people playing actual roles rather than a ghostly entelechy (Wurzburg, 1998; De Long...


Tecnológico de Monterrey, Mexico

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