Donald MacKenzie

Donald MacKenzie

Position
  • Professor, University of Edinburgh
My current research is on the sociology of markets, focussing on automated trading. I've worked in the past on topics ranging from the sociology of nuclear weapons to the meaning of proof in the context of computer systems critical to safety or security.

Contact

Contact Info

6.26 Chrystal Macmillan Building
15a George Square
Edinburgh, UK EH8 9LD
Social Media and Websites

Education

  • Ph.D., University of Edinburgh

Selected Publications

Unlocking the language of structured securities.  Article in the Financial Times

Beneath all the toxic acronyms lies a basic cultural issue.  Article in the Financial Times

My books include An Engine, Not a Camera: How Financial Models Shape Markets (MIT Press, 2006); Do Economists Make Markets? On the Performativity of Economics, co-edited with Fabian Muniesa and Lucia Siu (Princeton, 2007); and Material Markets: How Economic Agents are Constructed (Oxford, 2009).

Downloadable Working Papers

A Material Political Economy: Automated Trading Desk and Price Prediction in High-Frequency Trading, Donald MacKenzie, November 2016

Must Do Better, Donald MacKenzie, May 2016. Draft article for the London Review of Books 

Dark Markets, Donald MacKenzie, June 2015. Draft article for the London Review of Books

Spoofing, Donald MacKenzie, May 2015. Draft article for the London Review of Books

At Cermak, Donald MacKenzie, December 2014. Draft article for the London Review of Books

Be Grateful for Drizzle, Donald MacKenzie, September 2014. Draft article for the London Review of Books

The Lemon-Squeezing Problem: Analytical and Computational Limitations in CDO Evaluation, Donald MacKenzie and Iain Hardie, May 2014

The Formula That Killed Wall Street: The Gaussian Copula and Modelling Practices in Investment Banking, Donald MacKenzie and Taylor Spears, October 2013

A device for being able to book P&L: The Organizational Embedding of the Gaussian Copula, Donald MacKenzie and Taylor Spears, October 2013

Mechanizing the Merc: The Chicago Mercantile Exchange and the Rise of High-Frequency Trading, Donald MacKenzie Oct 2013

How to Make Banks Less Fragile, Donald MacKenzie, May 2013. Draft article for the London Review of Books.

Drilling Through the Allegheny Mountains: Liquidity, Materiality and High-Frequency Trading, Donald MacKenzie et al, January 2012

Evaluation Cultures? On Invoking 'Culture' in the Analysis of Behaviour in Financial Markets. Donald MacKenzie, Sept 2011

Chalk: Materials and Concepts in Mathematics Research. Michael J. Barany & Donald MacKenzie, Preprint Sept 2011

Accounting for Carbon, Heather Lovell and Donald MacKenzie, June 2011. Article published in Antipode.

The Credit Crisis as a Problem in the Sociology of Knowledge.  Donald MacKenzie, American Journal of Sociology, May 2011.

'The Five-Second Pause', essay for London Review of Books, Donald MacKenzie, April 2011.

Knowledge Production in Financial Markets: Credit Default Swaps, the ABX and the Subprime Crisis. Donald MacKenzie, Nov 2010

'Safer than Safe', essay review of Tett, Fool's Gold, for London Review of Books, Donald MacKenzie, June 2009

'Hedge Funds', essay for London Review of Books, Donald MacKenzie, Nov 2008

'Broker's Ear', essay for London Review of Books, Donald MacKenzie, Aug 2008

'The Credit Crisis and the End-of-the-World Trade', essay for London Review of Books, Donald MacKenzie, May 2008

'Making Things the Same', Donald MacKenzie, Feb 2008 (.pdf)

'The Finitist Accountant', David Hatherley, David Leung and Donald MacKenzie, April 2007 (.pdf file)

'Finding the Ratchet: The Political Economy of Carbon Trading', essay for London Review of Books.  Donald MacKenzie, March 2007 (.pdf)

'The Material Production of Virtuality: Innovation, Cultural Geography, and Facticity in Derivatives Markets. Donald MacKenzie, December 2006 (.pdf)

'Humming the Wedding March', essay for London Review of Books. Donald MacKenzie, November 2006 (.pdf file)

'Producing Accounts: Finitism, Technology and Rule-Following', Donald MacKenzie, November 2006 (.pdf file)

'Assembling an Economic Actor: The Agencement of a Hedge Fund', Iain Hardie, Donald MacKenzie, May 2006 (.pdf file)

'A Price is a Social Thing: Towards a Material Sociology of Arbitrage ', Daniel Beunza, Iain Hardie, Donald MacKenzie, January 2006 (.pdf file)