Consequences of Newer Media of Communication within Economy As a System. CANCELLED

Monday, July 14, 2014: 11:04 AM
Room: 501
Eliana HERRERA-VEGA , Communication Department, University of Ottawa, Ottawa, Canada
In order to understand the future of economy as a social system, my research revises a  theory of media from the general perspective of communication and retraces the first accounts of generalized symbolic media in the form of money, payments and today’s nexus of exchange, as initially described by Marx[i] and later by Adorno. Second, the piece studies how monetary economy includes risk within its internal operations in front of an increasingly complex environment. The third part of the paper describes the epistemological transformations that are required. In effect, the current development of autonomous systems asks for different methodologies and epistemological perspectives in order to observe and decrypt the new landscape arising from the way in which society has evolved.

Increased reflexivity whithin system’s production (Luhmann, 1995) has important consequences in respect to the communication flow in society.  What are those consequences? Willke (Willke,2007:14)[ii] envisages the market within a variety of mechanisms to ensure coordination and cooperation. Nevertheless, disembodied media of communication may have erosive effects upon previous modalities of coordination and coooperation. In what extent the recent developments of derivatives and newer media of communication within economy renew Marxist perspectives of reification?

Concluding, a comparative analysis of the communicative power of distinct media of communication must be part of economics. This supposes an enlargement of communication as a field in order to comprehend the distinct systemic varieties of communication at stake, the diverse semantic and praxical purposes that they serve, and the possibility of overlapping communications that create further risk.

[i] The concept of nexus of exchange is found in Marx, Karl. (1858).Second Draft of Critique of Political Economy. MECW Volume 29, pp. 430-507.

[ii] Wilke, Helmut. (2007) Smart Governance, Campus Verlag, Frankfurt, New York.