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Identity Economics

Identity Economics Author : George A. Akerlof, Rachel E. Kranton
Publisher : Princeton University Press
Pub Date : 2010-01-21
Page : 200
Language : en
Rating : 3.5

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Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities–and not just economic incentives–influence our decisions. In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people–facing the same economic circumstances–would make different choices. This was the beginning of a fourteen-year collaboration–and of Identity Economics.

The authors explain how our conception of who we are and who we want to be may shape our economic lives more than any other factor, affecting how hard we work, and how we learn, spend, and save. Identity economics is a new way to understand people’s decisions–at work, at school, and at home. With it, we can better appreciate why incentives like stock options work or don’t; why some schools succeed and others don’t; why some cities and towns don’t invest in their futures–and much, much more.

Identity Economics bridges a critical gap in the social sciences. It brings identity and norms to economics. People’s notions of what is proper, and what is forbidden, and for whom, are fundamental to how hard they work, and how they learn, spend, and save. Thus people’s identity–their conception of who they are, and of who they choose to be–may be the most important factor affecting their economic lives. And the limits placed by society on people’s identity can also be crucial determinants of their economic well-being.

Identity Economics

Author by : George A. Akerlof
Languange Used : en
Release Date : 2010-01-21
Publisher by : Princeton University Press

Description : Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities--and not just economic incentives--influence our decisions. In 1995, economis...

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Identity Economics

Author by : Kate Meagher
Languange Used : en
Release Date : 2010
Publisher by : Boydell & Brewer Ltd

Description : This book is essential reading for those interested in the role of the informal economy in contemporary processes of growth and economic governance in Africa....

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Reconsidering Identity Economics

Author by : Laszlo Garai
Languange Used : en
Release Date : 2016-11-29
Publisher by : Springer

Description : This book presents an unorthodox identity economics that approaches social identity through a non-classical psychology. Garai applies the modern physics concept of wave-particle duality to economic ps...

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The Economics Of Identity And Creativity

Author by : Carsten Herrmann-Pillath
Languange Used : en
Release Date : 2017-07-28
Publisher by : Routledge

Description : The Economics of Identity and Creativity aims to sythesize naturalistic evolutionary theory while discussing new developments in economics. The author's approach reexamines fundamental assumptions abo...

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