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Belief

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  • J. Barkley Rosser

Abstract

The important role of belief in economic theorizing, ideology formation, and individual behavior is examined. Its role in the making of unrealistic assumptions in economic theory is considered. The extent to which this derives from ideological predispositions and the relationship of ideology to theology is analyzed. The role of selfilling prophecies is examined as an example of belief driving economic action.

Suggested Citation

  • J. Barkley Rosser, 1993. "Belief," American Journal of Economics and Sociology, Wiley Blackwell, vol. 52(3), pages 355-368, July.
    • Handle: RePEc:bla:ajecsc:v:52:y:1993:i:3:p:355-368
    DOI: 10.1111/j.1536-7150.1993.tb02555.x
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    References listed on IDEAS

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    1. J. Barkley Rosser & Richard G. Sheehan, 1985. "A vector autoregressive model of Saudi Arabian inflation," Working Papers 1985-011, Federal Reserve Bank of St. Louis.
    2. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    3. Pryor, Frederic L., 1985. "The islamic economic system," Journal of Comparative Economics, Elsevier, vol. 9(2), pages 197-223, June.
    4. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
    5. Slovic, Paul & Lichtenstein, Sarah, 1983. "Preference Reversals: A Broader Perspective," American Economic Review, American Economic Association, vol. 73(4), pages 596-605, September.
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