IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v22y1998i4p433-48.html
   My bibliography  Save this article

Reviving Veblenian Economic Psychology

Author

Listed:
  • Twomey, Paul

Abstract

Thorstein Veblen's seminal paper 'Why is Economics Not an Evolutionary Science?' (1898) is well known for its critique of rational economic man. However, rather than just criticize this model, Veblen developed an alternative, evolutionary-informed approach to understanding human nature, based partly on the ideas of Charles Sanders Peirce, William James and, later, William McDougall. The aim of this paper is to show how recent results from a number of cognitive disciplines are beginning to reaffirm many of Veblen's core psychological assumptions. The paper argues that an active, multimodular and hierarchical approach to the mind can help provide a more integrative framework in which to examine economic behavior. Copyright 1998 by Oxford University Press.

Suggested Citation

  • Twomey, Paul, 1998. "Reviving Veblenian Economic Psychology," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(4), pages 433-448, July.
    • Handle: RePEc:oup:cambje:v:22:y:1998:i:4:p:433-48
    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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brette, Olivier & Buhler, Thomas & Lazaric, Nathalie & Marechal, Kevin, 2014. "Reconsidering the nature and effects of habits in urban transportation behavior," Journal of Institutional Economics, Cambridge University Press, vol. 10(3), pages 399-426, September.
    2. Waśniewski, Krzysztof, 2012. "Comparative, dynamic efficiency of national healthcare systems," MPRA Paper 38029, University Library of Munich, Germany.
    3. Zimmerman, Frederick J., 2013. "Habit, custom, and power: A multi-level theory of population health," Social Science & Medicine, Elsevier, vol. 80(C), pages 47-56.
    4. Felipe Almeida, 2016. "Society and brain: A complementary approach to Thorstein Veblen’s conspicuous consumer based on Tibor Scitovsky’s neuropsychology [Society and brain: A complementary approach to Thorstein Veblen’s con," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 26(2), pages 347-367, May-Augus.
    5. Pessali, Huascar, 2006. "Nano-fundamentos da macroeconomia: Keynes e o institucionalismo na Teoria Geral [Nanofoundations of macroeconomics: Keynes and the institutional elements in the General Theory]," MPRA Paper 5017, University Library of Munich, Germany, revised 01 Dec 2006.
    6. Hodgson, Geoffrey M., 2004. "Reclaiming habit for institutional economics," Journal of Economic Psychology, Elsevier, vol. 25(5), pages 651-660, October.
    7. Joao Ricardo Faria, 2011. "Emotions, Happiness and Growth: Spinoza, James, and Ramsey," Economic Issues Journal Articles, Economic Issues, vol. 16(2), pages 81-92, September.
    8. Geoffrey Hodgson, 2002. "The Evolution of Institutions: An Agenda for Future Theoretical Research," Constitutional Political Economy, Springer, vol. 13(2), pages 111-127, June.
    9. Kevin Maréchal, 2018. "Recasting the understanding of habits for behaviour-oriented policies in transportation," ULB Institutional Repository 2013/270475, ULB -- Universite Libre de Bruxelles.
    10. Brennan, Andrew John, 2013. "A critique of the perceived solid conceptual foundations of ISEW & GPI — Irving Fisher's cognisance of human-health capital in ‘net psychic income’," Ecological Economics, Elsevier, vol. 88(C), pages 159-166.
    11. Waśniewski, Krzysztof, 2012. "Local governments’ fiscal policy as a factor of urban development – evidence from Poland," MPRA Paper 39176, University Library of Munich, Germany.
    12. Jeroen C. J. M. van den Bergh & John M. Gowdy, 2003. "The microfoundations of macroeconomics: an evolutionary perspective," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(1), pages 65-84, January.
    13. Olivier Brette & Nathalie Lazaric & Victor Vieira da Silva, 2017. "Habit, decision making, and rationality : comparing Veblen and early Herbert Simon," Post-Print halshs-01310305, HAL.
    14. Kevin Marechal, 2018. "Recasting the Understanding of Habits for Behaviour-Oriented Policies in Transportation," Sustainability, MDPI, vol. 10(4), pages 1-14, March.
    15. Krzysztof Waśniewski, 2015. "Discretionary freedom of choice and risk in alternative capital markets," European Journal of Law and Economics, Springer, vol. 39(3), pages 573-605, June.

    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:oup:cambje:v:22:y:1998:i:4:p:433-48. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cje .

    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.