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Nietzsche and the Economics of Becoming

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  • Robb Richard

    (Columbia University)

Abstract

Freud supposedly said that Nietzsche knew himself better than anyone who ever lived or is likely to live in the future. If the story is true, it's one of the best compliments of all time. Yet Nietzsche's psychological theories remain largely unknown to psychologists, philosophers and certainly to economists. These theories, taken together, constitute a profound attack on the foundations of neoclassical models in which individuals maximize the discounted flow of gratification they expect to receive. Scattered through Nietzsche's writings, we can find an alternative description of intertemporal choice motivated by overcoming obstacles. A principal objective of this paper is to show how Nietzsche's theory of overcoming can explain a great deal of observable behavior and solve important problems in economics.

Suggested Citation

  • Robb Richard, 2009. "Nietzsche and the Economics of Becoming," Capitalism and Society, De Gruyter, vol. 4(1), pages 1-30, June.
    • Handle: RePEc:bpj:capsoc:v:4:y:2009:i:1:n:3
    DOI: 10.2202/1932-0213.1051
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    Cited by:

    1. Dow Alexander & Dow Sheila C., 2011. "Animal Spirits Revisited," Capitalism and Society, De Gruyter, vol. 6(2), pages 1-25, December.
    2. Bholat, David & Gray, Joanna, 2013. "Organizational form as a source of systemic risk," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 7, pages 1-35.

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