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Reconsidering Identity Economics

Human Well-Being and Governance

  • Book
  • © 2017

Overview

Authors:
  1. Laszlo Garai

    1. University of Szeged, Szeged, Hungary

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  • Applies physics concepts to evolving economic psychology
  • Develops a theory to mediate behavioral and identity economics
  • Examines socialism and capitalism as developed by Soviet and Eastern Bloc countries

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xi
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  2. Identity Economics, Indeed? A Psychological Introduction

    • Laszlo Garai
    Pages 1-17

  3. The Structure of Social Identity and Its Economic Feature

    1. Front Matter

      Pages 19-19
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    2. The Double-Storied Structure of Social Identity

      • Laszlo Garai
      Pages 21-34

    3. Identity Economics: “An Alternative Economic Psychology”

      • Laszlo Garai
      Pages 35-40

    4. How Outstanding am I? A Measure for Social Comparison within Organizations

      • Laszlo Garai
      Pages 41-54

  4. Social Identity in the Second Modernization

    1. Front Matter

      Pages 55-55
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    2. Preamble

      • Laszlo Garai
      Pages 57-59

    3. Theses on Human Capital

      • Laszlo Garai
      Pages 61-67

    4. Determining Economic Activity in a Post-Capitalist System

      • Laszlo Garai
      Pages 69-92

    5. Is a Rational Socio-Economic System Possible?

      • Laszlo Garai
      Pages 93-102

  6. Half of Capitalism—And Its Other Half

    1. Front Matter

      Pages 143-143
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    2. Inequalities’ Inequality: The Triple Rule of Economic Psychology

      • Laszlo Garai
      Pages 145-155

    3. What Kind of Capitalism Do We Want?

      • Laszlo Garai
      Pages 157-163

  7. Back Matter

    Pages 165-172
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Keywords

About this book

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 psychology, finding a corresponding duality in object-oriented activity and historically generated social identity. These two factors interconnect to create a double-storied structure of social identity and its behavioral manifestations. The book then presents a calculation device for mediating between behavioral and identity economics. Garai then applies all these factors to two socioeconomic systems developed during the second modernization: Bolshevik-type “socialism” and post-Bolshevik “capitalism.” In this context, he examines the Eastern Bloc nomenklatura as a duality of bureaucratic and patron-client organization (“state and party”) and the establishment of both today's material capitalism and its other half: human capital economics.

Reviews

“This book is a unique contribution to economic psychology. It synthesizes the activity approach of the Russian psychological school and the author’s theory of a historically generated social identity. Psychological theory cannot remain the same after the appearance of this volume.” ( V.A.Lektorskiy, Professor, Head of Epistemology Department, Institute for Philosophy, Russian Academy of Sciences, Russia)

“Laszlo Garai's Reconsidering Identity Economics gives a new theory that intertwines people’s psychology and their economics: their psychology (and especially their identities) is the result of their economic environment; their economic environment is the result of their psychology. Garai illustrates this new view of economics and psychology with applications that are drawn from his lifelong experience and that will fascinate all readers.” (George Akerlof, Nobel Laureate in Economics, 2001)

Authors and Affiliations

  • University of Szeged, Szeged, Hungary

    Laszlo Garai

About the author

Laszlo Garai was the Founder and Head of the Departments of Economic Psychology at the University of Szeged, Hungary, and Nice University, France. He has also taught at Moscow State University, Russia, and branches of California State University at Bakersfield and San Bernardino, USA. He is the author of 21 monographs in Hungarian and Russian on economic, social, and theoretical psychology.

Bibliographic Information

  • Book Title: Reconsidering Identity Economics

  • Book Subtitle: Human Well-Being and Governance

  • Authors: Laszlo Garai

  • DOI: https://doi.org/10.1057/978-1-137-52561-1

  • Publisher: Palgrave Macmillan New York

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017

  • Hardcover ISBN: 978-1-137-52560-4Published: 01 December 2016

  • Softcover ISBN: 978-1-349-70726-3Published: 31 January 2019

  • eBook ISBN: 978-1-137-52561-1Published: 29 November 2016

  • Edition Number: 1

  • Number of Pages: XI, 172

  • Topics: Behavioral/Experimental Economics, Political Economy/Economic Systems, Economic History

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