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© 2017

Reconsidering Identity Economics

Human Well-Being and Governance

  • 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

Book

Table of contents

  1. Front Matter
    Pages i-xi
  2. The Structure of Social Identity and Its Economic Feature

  3. Social Identity in the Second Modernization

    1. Front Matter
      Pages 55-55
    2. Laszlo Garai
      Pages 57-59
    3. Laszlo Garai
      Pages 61-67
  4. Psychology of Bolshevik-Type System

  5. Half of Capitalism—And Its Other Half

    1. Front Matter
      Pages 143-143
    2. Laszlo Garai
      Pages 157-163
  6. Back Matter
    Pages 165-172

About this book

Introduction

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.

“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

Keywords

mass-production of social identity cognitive dissonance knowledge material capital human capital activity theory economic psychology economic system economics economy well-being

Authors and affiliations

  1. 1.University of SzegedSzegedHungary

About the authors

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

Industry Sectors
Finance, Business & Banking

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)