Conceptual analysis reveals market resilience is dynamically enacted rather than possessed across economic sectors, suggesting resilience should be studied as an ongoing practice.
Key Points
Reconsider the concept of market resilience through a performative and practice-based lens, shifting from static capabilities to dynamic enactments.
Conducted a theoretical synthesis integrating Science and Technology Studies (STS) and Actor-Network Theory (ANT) into market studies.
Critiqued traditional resilience frameworks using structural examples from financial, housing, food, and healthcare markets.
Identified three limitations of dominant models: viewing resilience as an inherent capability, overemphasizing failure prevention, and relying on asymmetric retrospective accounts.
Formulated a performative model where market resilience is dynamically enacted through three interconnected practices: instigation, incorporation, and insistence.