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Grounding multidisciplinary public policy analysis in methodological individualism: with an illustrating study of the economic and political effects of variations in a nation’s average work ethic

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  • Roger D. Congleton

    (West Virginia University)

Abstract

This paper suggests that a relatively minor, but important generalization of the rational choice approach used in economics and game theory can provide sufficient flexibility, breadth, and realism to be used as the basis for interdisciplinary analysis. Multi-disciplinary analysis does not require abandoning the “rational” choice model of individual decision making worked out over the past century and a half by economists, game theorists, and other users of rational-choice models in sociology, political science, history, biology, and philosophy. This paper illustrates how this can be done by modeling the economic and political effects of the average strength of a nation’s work ethic and testing some of its implications.

Suggested Citation

  • Roger D. Congleton, 2023. "Grounding multidisciplinary public policy analysis in methodological individualism: with an illustrating study of the economic and political effects of variations in a nation’s average work ethic," International Journal of Economic Policy Studies, Springer, vol. 17(2), pages 351-383, August.
    • Handle: RePEc:spr:ijoeps:v:17:y:2023:i:2:d:10.1007_s42495-023-00109-9
    DOI: 10.1007/s42495-023-00109-9
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    References listed on IDEAS

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    1. Fumio Hayashi & Edward C. Prescott, 2004. "The 1990s in Japan: a lost decade," Chapters, in: Paolo Onofri (ed.), The Economics of an Ageing Population, chapter 2, Edward Elgar Publishing.
    2. Assar Lindbeck & Sten Nyberg & Jörgen W. Weibull, 1999. "Social Norms and Economic Incentives in the Welfare State," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(1), pages 1-35.
    3. Christian Bjørnskov, 2012. "How Does Social Trust Affect Economic Growth?," Southern Economic Journal, John Wiley & Sons, vol. 78(4), pages 1346-1368, April.
    4. Congleton, Roger D., 1991. "The economic role of a work ethic," Journal of Economic Behavior & Organization, Elsevier, vol. 15(3), pages 365-385, May.
    5. Fumio Hayashi & Edward C. Prescott, 2002. "The 1990s in Japan: A Lost Decade," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(1), pages 206-235, January.
    6. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    7. Omer Ozcicek & W. DOUGLAS McMILLIN, 1999. "Lag length selection in vector autoregressive models: symmetric and asymmetric lags," Applied Economics, Taylor & Francis Journals, vol. 31(4), pages 517-524.
    8. Roger D. Congleton, 2020. "Governance by true believers: supreme duties with and without totalitarianism," Constitutional Political Economy, Springer, vol. 31(1), pages 111-141, March.
    9. Roger Congleton & Feler Bose, 2010. "The rise of the modern welfare state, ideology, institutions and income security: analysis and evidence," Public Choice, Springer, vol. 144(3), pages 535-555, September.
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    Cited by:

    1. Tomoko Kinugasa, 2023. "Preface to the special feature on interdisciplinarity of economic policy studies," International Journal of Economic Policy Studies, Springer, vol. 17(2), pages 347-349, August.

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    More about this item

    Keywords

    Multidisciplinary; Work ethic; Homo constitutionalus; Growth rates; Effective labor supply; Social insurance;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D9 - Microeconomics - - Micro-Based Behavioral Economics

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