scholarly journals The Behavioral Economics of Pierre Bourdieu

2020 ◽  
Vol 38 (1) ◽  
pp. 16-35 ◽  
Author(s):  
Adam S. Hayes
Keyword(s):  
Behavioral Economics ◽  
Social Structure ◽  
Prospect Theory ◽  
Bounded Rationality ◽  
Economic Behavior ◽  
Time Inconsistency ◽  
Rational Action ◽  
Sociological Tradition ◽  
Theory Of Practice ◽  
The Social

This article builds the argument that Bourdieu’s dispositional theory of practice can help integrate the sociological tradition with three prominent strands of behavioral economics: bounded rationality, prospect theory, and time inconsistency. I make the case that the habitus provides an alternative framework to show how social and mental structure constitute one another, where cognitive tendencies toward irrationality can be either curtailed or amplified based on one’s position in the economic field and a person’s corresponding set of dispositions, ranging from more rational doxic dispositions to irrational allodoxic tendencies. Bridging economic sociology and behavioral economics, this work also bears on issues of persistent financial inequality reproduced through self-defeating patterns of economic behavior inculcated into individuals who occupy dominated positions in the social structure. Bourdieu’s thought, and in particular his conception of field+habitus, can usefully be applied to the empirical findings of behavioral economics to understand deviations from rational action as not only cognitive but also socially structured.

Die Auflösung des Sozialen

1992 ◽  
Vol 14 (2) ◽  
Author(s):  
Peter Kappelhoff
Keyword(s):  
Social Structure ◽  
Bounded Rationality ◽  
Social Theory ◽  
Theoretical Consideration ◽  
Utility Maximization ◽  
Infinite Regress ◽  
Rational Action ◽  
Social Constitution ◽  
The Social ◽  
Balance Of Interests

AbstractColeman's Foundations of Social Theory is based on a theory of rational action in the specific version of utility maximization embedded in a macro-micro-macro-framework. This approach is logically and empirically deficient in the following aspects: The social constitution of the situation and the actor himself is excluded from the theoretical consideration (macro to micro transition). Limitations to rationality remain implicit and are not integrated into an empirically founded theory of bounded rationality (microtheory). The dynamics of non-equilibrium systems are outside the realm of the theory (micro to macro transition). Central concepts of social theory, as for instance rights and norms, are reduced to a power based balance of interests. This results in a dissolution of social structure and in an infinite regress of contingent conditions.

scholarly journals Towards a Theory of Constrained Relativism: Comparing and Combining the Work of Pierre Bourdieu, Mary Douglas and Michael Thompson, and Alan Fiske

2008 ◽  
Vol 12 (6) ◽  
pp. 173-185 ◽  
Author(s):  
Marco Verweij
Keyword(s):  
Social Sciences ◽  
Social Science ◽  
Social Structure ◽  
Free Will ◽  
Cultural Theory ◽  
Relational Models ◽  
Theory Of Practice ◽  
Mary Douglas ◽  
The Social ◽  
Relational Models Theory

In this article, I seek to compare Pierre Bourdieu's theory of practice, the cultural theory developed by Mary Douglas and Michael Thompson, and the relational models theory pioneered by Alan Fiske, and attempt to sketch how these theories could possibly be combined. I argue that the three theories are among the most interesting conceptual enterprises in the social sciences of the last few decades, as they all represent –quite similar– syntheses of long-standing social-science dualisms, such as objectivism vs. subjectivism, social structure vs. free will, functionalism vs. social conflict, etc. Besides these commonalities, I spell out the relative strengths and weaknesses of each of these approaches. This allows me to conclude by considering whether, and how, it might be possible to synthesise these syntheses by picking the most interesting features of the three theories, and avoiding their less appealing ones.

scholarly journals The social meaning of financial wealth: Relational accounting in the context of 401(k) retirement accounts

2019 ◽  
Vol 5 (1) ◽  
pp. 61-83 ◽  
Author(s):  
Adam Hayes
Keyword(s):  
Behavioral Economics ◽  
Sociological Theory ◽  
Economic Behavior ◽  
Social Meaning ◽  
Shared Meaning ◽  
Retirement Accounts ◽  
The Social ◽  
Dominant Set ◽  
Increase Risk ◽  
Meaning Of Money

Behavioral economics has become a dominant set of theories in explaining economic behavior, yet such behavior remains under the limited purview of psychological, cognitive, or neural approaches. This article draws on and extends Viviana Zelizer’s social meaning of money framework in conjunction with new work in ‘relational accounting’ to suggest a sociological counterpoint, focusing in particular on the social and symbolic meaning attached to individual 401(k) retirement accounts. Following a market downturn, neoclassical and behavioral economics predict various types of behavioral responses, in particular loss aversion – where investors seek to increase risk-taking rather than locking in a sure loss (a loss is more painful to bear than an equivalent gain). A sociological theory that understands the shared meaning of retirement saving would predict something different, a behavior I call durable conservatism. In this article, I show how this concept better explains observed risk behavior in Americans’ 401(k) accounts following the 2002 and 2008 bear markets in stocks, and how that response differed from the behavior documented in non-retirement brokerage accounts.

Silence and Sound in Black Girl Utopia

2017 ◽  
Vol 6 (3) ◽  
pp. 90-97
Author(s):  
Alexis Pauline Gumbs
Keyword(s):  
Social Structure ◽  
Black Girl ◽  
The Social ◽  
Mind And Body ◽  
Definition Of ◽  
Tone Deaf ◽  
At Home

Ladeedah is an audio novella that takes place in a Black utopic space after “the improvised revolution.” Ladeedah is a tone-deaf, rhythm-lacking Black girl in a world where everyone dances and sings at all times. What is Ladeedah's destiny as a quiet, clumsy genius in a society where movement and sound are the basis of the social structure and the definition of freedom? This excerpt from Ladeedah focuses on Ladeedah's attempts to understand the meaning of revolution from her own perspectives—at home, at school, and in her own mind and body.

THE HIMYARITE KINGDOM ON THE EVE OF AND AFTER THE ETHIOPIAN DOMINANCE IN THE SIXTH CENTURY A.D. IN THE MARTYRDOM OF ST. ARETHAS AND HIS COMPANIONS AND IN THE ACTS OF ST. GREGENTIUS

2017 ◽  
Vol 24 (2) ◽  
pp. 678-700
Author(s):  
V Christides
Keyword(s):  
Social Structure ◽  
Red Sea ◽  
Present Author ◽  
Sixth Century ◽  
South Arabia ◽  
The Social ◽  
Preliminary Study

Based on two important hagiographical works written in Greek, the Martyrdom of St. Arethas and his companions and the Acts of St. Gregentius, the aim of this paper is to continue my preliminary study of the countries around the Red Sea in pre-Islamic times, especially in the sixth century A.D. The most valuable information in the Martyrdom concerns the hazardous voyage of the Ethiopian army from the main port of Adulis across the Red Sea to South Arabia (ca 525 A.D.). This work illuminates aspects of that expedition which do not appear in such detail in any other source. In addition, it describes the ports of the Red Sea in the sixth century, i.e., Klysma, Bereniki, Adulis, etc., corroborating the finds of archaeology and epigraphy. Concerning the controversial Acts of St. Gregentius, the present author has tried to discuss only some vital information reflecting the social structure of South Arabia during its Ethiopian occupation until the Persian conquest of it (ca 525 A.D. – ca 570 A.D.), and attempted to trace the origin of just one law (the treatment of animals) among those supposedly imposed on the Himyarites by the so-called archbishop Gregentius.

THE CONTRIBUTION OF THE AMARNA LETTERS TOWARDS A STUDY OF SYRO-PALESTINIAN SOCIAL STRUCTURE (1). TERMINOLOGY FOR GOVERNMENT OFFICIALS

2017 ◽  
Vol 25 (2) ◽  
pp. 788-832
Author(s):  
Lukas M. Muntingh
Keyword(s):  
Social Structure ◽  
Bronze Age ◽  
Social Stratification ◽  
Social Life ◽  
Upper Class ◽  
Government Officials ◽  
The Social ◽  
Amarna Letters ◽  
Free People ◽  
Shed Light

Egyptian domination under the 18th and 19th Dynasties deeply influenced political and social life in Syria and Palestine. The correspondence between Egypt and her vassals in Syria and Palestine in the Amarna age, first half of the fourteenth century B.C., preserved for us in the Amarna letters, written in cuneiform on clay tablets discovered in 1887, offer several terms that can shed light on the social structure during the Late Bronze Age. In the social stratification of Syria and Palestine under Egyptian rule according to the Amarna letters, three classes are discernible:1) government officials and military personnel, 2) free people, and 3) half-free people and slaves. In this study, I shall limit myself to the first, the upper class. This article deals with terminology for government officials.

Victor S. D'Souza. Development Planning and Structural Inequalities: The Response of the Underprivileged. New Delhi: Sage Publications 1990. Pages 206 + Index. Price: Rs 180 (Hardbound).

1991 ◽  
Vol 30 (3) ◽  
pp. 313-317
Author(s):  
Ziaul Haque
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Social Structure ◽  
Social Transformation ◽  
Social Inequalities ◽  
Census Data ◽  
Development Planning ◽  
Capital Formation ◽  
Indian Society ◽  
The Social

Deveiopment planning in India, as in other developing countries, has generally been aimed at fostering an industrially-oriented policy as the engine of economic growth. This one-sided economic development, which results in capital formation, creation of urban elites, and underprivileged social classes of a modern society, has led to distortions in the social structure as a whole. On the contrary, as a result of this uneven economic development, which is narrowly measured in terms of economic growth and capital formation, the fruits of development have gone to the people according to their economic power and position in the social structure: those occupying higher positions benefiting much more than those occupying the lower ones. Thus, development planning has tended to increase inequalities and has sharpened divisive tendencies. Victor S. D'Souza, an eminent Indian sociologist, utilizing the Indian census data of 1961, 1971, and 1981, examines the problem of structural inequality with particular reference to the Indian Scheduled Castes and Scheduled Tribes - the two most underprivileged sections of the present Indian society which, according to the census of 1981, comprised 15.75 percent and 7.76 percent of India's population respectively. Theoretically, he takes the concept of development in a broad sense as related to the self-fulfIlment of the individual. The transformation of the unjust social structure, the levelling down of glaring economic and social inequalities, and the concern for the development of the underprivileged are for the author the basic elements of a planned development. This is the theoretical perspective of the first chapter, "Development Planning and Social Transformation".

Globalization, Citizenship, and Subjectivity in Self Construction

2020 ◽  
Vol 10 ◽  
pp. 135-146
Author(s):  
Namita Poudel
Keyword(s):  
Social Structure ◽  
Social Field ◽  
Self Identity ◽  
The Social ◽  
Social Fields ◽  
Research Questions

One of the profound questions that troubled many philosophers is– “Who am I?” where do I come from? ‘Why am I, where I am? Or “How I see myself?” and maybe more technically -What is my subjectivity? How my subjectivity is formed and transformed? My attempt, in this paper, is to look at “I”, and see how it got shaped. To understand self, this paper tries to show, how subjectivity got transformed or persisted over five generations with changing social structure and institutions. In other words, I am trying to explore self-identity. I have analyzed changing subjectivity patterns of family, and its connection with globalization. Moreover, the research tries to show the role of the Meta field in search of subjectivity based on the following research questions; how my ancestor’s subjectivity changed with social fields? Which power forced them to change their citizenship? And how my identity is shaped within the metafield? The methodology of my study is qualitative. Faced to face interview is taken with the oldest member of family and relatives. The finding of my research is the subjectivity of Namita Poudel (Me) is shaped by the meta field, my position, and practices in the social field.

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