Searching for identity in the capability space
In this paper, we consider the extension of the conception of the economic agent as a person who chooses particular actions in relation to his or her social identity. We do this in particular by analysing Akerlof and Kranton's recent models on 'economics and identity' (2000). Amartya Sen has over the years consistently pointed out that a person might have different reasons to choose, including not only those that increase a person's self-interested utility, however broadly this self might be defined. The question then is how should one assess a person's well-being if her choices are not based on the maximisation of her 'own' utility. Against the background of these considerations, we will present our own analysis of the economic agent's identity, which is motivated not by the self-interested choices, but by achieving consistency between one's characteristics and one's desired self-image through participation in different social groups. We propose to situate this identity-conception in a space of capabilities.
Volume (Year): 13 (2006)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RJEC20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RJEC20|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- George A. Akerlof & Rachel E. Kranton, 2005. "Identity and the Economics of Organizations," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 9-32, Winter.
- George A. Akerlof & Rachel E. Kranton, 2000. "Economics and Identity," The Quarterly Journal of Economics, Oxford University Press, vol. 115(3), pages 715-753.
- George A. Akerlof & Rachel E. Kranton, 2002. "Identity and Schooling: Some Lessons for the Economics of Education," Journal of Economic Literature, American Economic Association, vol. 40(4), pages 1167-1201, December.
- John Davis, 1995. "Personal identity and standard economic theory," Journal of Economic Methodology, Taylor & Francis Journals, vol. 2(1), pages 35-52.
When requesting a correction, please mention this item's handle: RePEc:taf:jecmet:v:13:y:2006:i:3:p:299-325. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.