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Bread and Bullets

George Akerlof and Dennis J. Snower ()
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Dennis J. Snower: Hertie School of Governance

No 9701, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities; defining power relations; and establishing and conveying social norms. This paper describes the role narratives play in decision making, as it also juxtaposes this description against the backdrop of the Bolshevik-spawned narrative that played a critical role in the history of Russia and the Soviet Union in the 20th Century.

Keywords: narrative; motivation; attention; prediction; identity; social assignment (search for similar items in EconPapers)
JEL-codes: A12 A13 A14 D03 D04 D20 D23 D30 D62 D71 D72 D74 E02 E03 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2016-02
New Economics Papers: this item is included in nep-cdm, nep-cis, nep-his, nep-hpe, nep-mic, nep-pke and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

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Journal Article: Bread and bullets (2016) Downloads
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