Experimenting with Price: Crafting the New Social Contract in Finland

Abstract

This article is concerned with price and pricing in the context of finance led neoliberal reform. It considers the sentiment often encountered in accounts of such reform that price instability is the outcome of the retreat of the state from the regulation of price and its externalization in the competitive play of the market. Drawing on the case of contemporary Finland, and especially a major round of government reform, we show how unstable prices are anchored in a set of coordinating mechanisms that form part of the infrastructure of a reorganizing state. We elaborate, then, a state infrastructure for the coordination of price instability and do so for the price and pricing of labour. This infrastructure is, however, not one that is coherent, centralized or integrated, but is dispersed and disintegrated and operates on multiple scales.