IDEAS home Printed from https://ideas.repec.org/p/uea/papers/_001.html
   My bibliography  Save this paper

Focal Points, Preferences and the Generation of Meaning

Author

Listed:
  • Liam Aspin

    (Economics Research Centre)

Abstract

In this paper we introduce a unique and influential psychoanalytical theory based upon a theory of linguistics developed by Jaques Lacan. Although Lacan is primarily concerned with psychoanalytical issues, his work has already entered other theoretical realms such as sociology, philosophy and literary criticism. We argue that an application of Lacan's ideas to the concept of focal points leads us to emphasise the integration of the conceptualisation of focal points and preferences . We argue that it is insufficient to view salience as an extra or special consideration that must be in some way made commensurate with our notions of rational choice. Rather, the significance of focal points should be interpreted in terms of preferences. We argue that when an individual makes a choice, what they reveal is a psycho- social structure, or what we call a 'structure of salience.' This is to emphasise that we wish to challenge the current understanding of the term 'salient' and to draw it closer to preference analysis in general. The terminology applied by some ascribes the term salience only when it is easy to recognise that the direct connection between desire and the achievement of satisfaction through rational choice is prevented by incomplete preference. That is, at the aggregate level where focal points are exhibited by the dominance of symbols in language. We argue that the connection between desire and rational choice is always mediated by language and that language itself is a structure of salience based on psycho- social linguistic relations. It is argued that this paper provides an important comment on the nature and significance of focal points and their relationship to preferences in general.

Suggested Citation

  • Liam Aspin, 1997. "Focal Points, Preferences and the Generation of Meaning," University of East Anglia Discussion Papers in Economics _001, School of Economics, University of East Anglia, Norwich, UK..
  • Handle: RePEc:uea:papers:_001
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    References listed on IDEAS

    as
    1. Benabou, Roland, 1994. "Human capital, inequality, and growth: A local perspective," European Economic Review, Elsevier, vol. 38(3-4), pages 817-826, April.
    2. Sugden, Robert, 1991. "Rational Choice: A Survey of Contributions from Economics and Philosophy," Economic Journal, Royal Economic Society, vol. 101(407), pages 751-785, July.
    3. Durlauf, S.N., 1993. "Neighborhood Feedbacks, Endogenous Stratification, and Income Inequality," Working papers 9328, Wisconsin Madison - Social Systems.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:wuk:eaercp:_001 is not listed on IDEAS
    2. Francesco GUALA, 2017. "Preferences: Neither Behavioural nor Mental," Departmental Working Papers 2017-05, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    3. Maarten C.W. Janssen, 1997. "Focal Points," Tinbergen Institute Discussion Papers 97-091/1, Tinbergen Institute.
    4. Hutzler, S. & Sommer, C. & Richmond, P., 2016. "On the relationship between income, fertility rates and the state of democracy in society," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 452(C), pages 9-18.
    5. Leigh S. Tesfatsion, "undated". "An Evolutionary Trade Network Game with Preferential Partner Selection," Computing in Economics and Finance 1996 _057, Society for Computational Economics.
    6. Robert Nau, 2001. "De Finetti was Right: Probability Does Not Exist," Theory and Decision, Springer, vol. 51(2), pages 89-124, December.
    7. Christian Koboldt, 1996. "Consistent planning, backwards induction, and rule-governed behavior," Constitutional Political Economy, Springer, vol. 7(1), pages 35-48, March.
    8. Guilhem Lecouteux, 2018. "What does “we” want? Team Reasoning, Game Theory, and Unselfish Behaviours," Revue d'économie politique, Dalloz, vol. 128(3), pages 311-332.
    9. Jalan, Jyotsna & Ravallion, Martin, 1998. "Are there dynamic gains from a poor-area development program?," Journal of Public Economics, Elsevier, vol. 67(1), pages 65-85, January.
    10. Machina Mark J. & Schmeidler David, 1995. "Bayes without Bernoulli: Simple Conditions for Probabilistically Sophisticated Choice," Journal of Economic Theory, Elsevier, vol. 67(1), pages 106-128, October.
    11. Raghbendra Jha & Anandi P. Sahu, 1997. "Tax policy and Human Capital Accumulation in a Ressource-Constrained Growing Dual Economy," Public Finance Review, , vol. 25(1), pages 58-82, January.
    12. Gilles Duranton, 1997. "La nouvelle économie géographique : agglomération et dispersion," Économie et Prévision, Programme National Persée, vol. 131(5), pages 1-24.
    13. Hermann Brandstätter & Werner Güth & Hartmut Kliemt, "undated". "Philosophical, Psychological and Economic Aspects of Choice Making," Papers on Strategic Interaction 2003-06, Max Planck Institute of Economics, Strategic Interaction Group.
    14. Del Rey, Elena, 2004. "Funding schools for greater equity," Regional Science and Urban Economics, Elsevier, vol. 34(2), pages 203-224, March.
    15. Schilizzi, Steven, 2000. "The economics of ethical behaviour and environmental management," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123729, Australian Agricultural and Resource Economics Society.
    16. Galor, Oded & Tsiddon, Daniel, 1997. "The Distribution of Human Capital and Economic Growth," Journal of Economic Growth, Springer, vol. 2(1), pages 93-124, March.
    17. Tao Zhang & William J. Nuttall, 2007. "An Agent Based Simulation of Smart Metering Technology Adoption," Working Papers EPRG 0727, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    18. Thomas A. Weber, 2016. "A robust resolution of Newcomb’s paradox," Theory and Decision, Springer, vol. 81(3), pages 339-356, September.
    19. Tesfatsion, Leigh, 1995. "How Economists Can Get Alife," Economic Reports 18196, Iowa State University, Department of Economics.
    20. Ben-Halima, B. & Chusseau, N. & Hellier, J., 2014. "Skill premia and intergenerational education mobility: The French case," Economics of Education Review, Elsevier, vol. 39(C), pages 50-64.
    21. Berg, Nathan & Biele, Guido & Gigerenzer, Gerd, 2010. "Does consistency predict accuracy of beliefs?: Economists surveyed about PSA," MPRA Paper 26590, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uea:papers:_001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cara Liggins (email available below). General contact details of provider: https://edirc.repec.org/data/esueauk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.