1. Behavioral Economics and the Credit-Crisis Novel

Dead Pledges ◽  
2020 ◽  
pp. 21-54
Author(s):  
Annie McClanahan

Chapter 1 analyzes novelistic representations of the 2008 credit crisis. Focusing on Jonathan Dee’s The Privileges, Adam Haslett’s Union Atlantic, and Martha McPhee’s Dear Money, it reads the post-crisis novel’s interest in individual psychology alongside and against the rise of behavioral economics. Behavioral economists understand the financial crisis as a consequence of individual choices and cultural climates: from excessive optimism and irrational exuberance to greed and overweening self-interest. At once mirroring and refuting these explanations, the post-credit-crisis novel reveals a deep ambivalence about the model of psychological complexity that undergirds both novelistic character and behavioralist economics. Exploring these problems through experiments with narrative perspective, these post-crisis novels suggest that the rich, full, autonomous homines economici of both the realist novel and microeconomic theory are bankrupt.


Author(s):  
Lashawn Richburg-Hayes ◽  
Caitlin Anzelone ◽  
Nadine Dechausay ◽  
Saugato Datta ◽  
Alexandra Fiorillo ◽  
...  

2009 ◽  
Vol 10 (2) ◽  
pp. 277-294 ◽  
Author(s):  
Monica T. Francisco ◽  
Gregory J. Madden ◽  
John Borrero

2010 ◽  
pp. 82-98 ◽  
Author(s):  
Ya. Kuzminov ◽  
M. Yudkevich

The article surveys the main lines of research conducted by Oliver Williamson and Elinor Ostrom - 2009 Nobel Prize winners in economics. Williamsons and Ostroms contribution to understanding the nature of institutions and choice over institutional options are discussed. The role their work played in evolution of modern institutional economic theory is analyzed in detail, as well as interconnections between Williamsons and Ostroms ideas and the most recent research developments in organization theory, behavioral economics and development studies.


2011 ◽  
pp. 78-98
Author(s):  
M. Storchevoy

The paper draws on the most recent research in the field of behavioral economics, neuroscience, and other disciplines and shows how biological and social factors interact and co-determine real human behavior. The author considers in detail various affects and forms of non-rational behavior. He proposes a common framework for such analysis, where each of those forms of behavior becomes the result of conscious or evolutionary-driven choice.


Sign in / Sign up

Export Citation Format

Share Document