Out of sight, out of mind: Modern economics, social interactions, and Smith´s sympathy
After having reviewed some of the recent advances in Economics trying to incorporate new elements in our understanding of human interactions, we aim at contributing to this line of research using Adam Smith´s system of sympathy. The features Smithattributes to the intersubjective identification mechanism of sympathy lead not only to conceive the construction of a community but also the possibility of exclusion of some of its members. The asymmetry of sympathy allows explaining emulationof those seen as more fortunate as well as the exclusion of those perceived as miserable. Through a formal representation we try to illustrate the phenomena of inclusion and exclusion present in intersubjetive relations and the construction of communities.Keywords: Adam Smith, sympathy, emulation, exclusion.JEL Codes: B12, B31, D03.
|Date of creation:||11 Jan 2012|
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- Daniel J. Benjamin & James J. Choi & A. Joshua Strickland, 2010.
"Social Identity and Preferences,"
American Economic Review,
American Economic Association, vol. 100(4), pages 1913-1928, September.
- Daniel J. Benjamin & James J. Choi & A. Joshua Strickland, 2007. "Social Identity and Preferences," NBER Working Papers 13309, National Bureau of Economic Research, Inc.
- Daniel Benjamin & James Choi & A. Strickland, 2008. "Social Identity and Preferences," Yale School of Management Working Papers amz2634, Yale School of Management.
- Sally, David, 2001. "On sympathy and games," Journal of Economic Behavior & Organization, Elsevier, vol. 44(1), pages 1-30, January.
- Collins, Anne D. & Lim, Jamus Jerome, 2010. "Recognition, redistribution, and liberty," Journal of Economic Behavior & Organization, Elsevier, vol. 74(3), pages 240-252, June.
- Levy, David M. & Peart, Sandra J., 2009. "Sympathy, evolution, and The Economist," Journal of Economic Behavior & Organization, Elsevier, vol. 71(1), pages 29-36, July. Full references (including those not matched with items on IDEAS)
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