A Veblenian Reading of Stratification Economics

Kellin Chandler Stanfield

Journal of Economic Issues, 2023, vol. 57, issue 2, 684-690

Abstract: Stratification economics studies the persistence of disparity among population groups defined by ascriptive attributes (e.g., race, caste). The scope of stratification is to identify specific group divisions persisting within a society, measure intergroup and intragroup disparity, examine structural and behavior perpetuators of disparity, and craft case specific policies to redress the disparity. Stratification economics requires a methodological perspective that incorporates the social processes of group identities and determinants of group-based behavior. An evolutionary behavioral economics founded on Veblenian institutionalism provides this methodological perspective. Rooted in pragmatist conception of the acting person, the Veblenian proclivities of the parental and acquisitive bents, and the temporal asymmetry of structure and agency, a Veblenian based behavioral economics provides the framework scrutinizing the durability of institutions governing intergroup disparity.

Date: 2023
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DOI: 10.1080/00213624.2023.2203663

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