Katharina Pistor was recently interviewed by the Project Syndicate.
“The focus on putting a price tag on everything has led to a highly technocratic mode of governance. This is often presented as a positive: if prices reflect the true value and relevance of everything, from widgets to regulatory policies, then they can underpin a logical, unbiased approach to governance. The problem is that most of these prices do not emerge from ‘objective’ mechanisms, such as trade, but rather are artificially constructed, and account for only what can be easily measured.”
Read more here.