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Economics Imperialism under the Impact of Psychology: The Case of Behavioral Development Economics

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  • Davis, John

    (Department of Economics Marquette University)

Abstract

Economics imperialism is broadly explained as economics having an impact on other disciplines. But how should economics imperialism be understood when it is in some sense the product of other disciplines having an impact on economics? The paper examines psychology's impact on economics in connection with the emergence of behavioral development economics, and then discusses the nature of behavioral development economics imperialism associated with development economists' explanations of non-market dimensions of life in developing economies in behavioral economics terms. The paper argues that this new form of economics imperialism reflects economics' selective appropriation from psychology of the Kahneman-Tversky heuristics and biases view of choice behavior and rejection of the Gigerenzer-ABC group fast and frugal heuristics view. This selective appropriation, however, causes behavioral development economics imperialism to also function as a social and cultural imperialism since its utility theory-based policy recommendations impose liberal society economic values on developing economy societies. Thus recent economics-plus-psychology imperialism might be said to function as social science imperialism under the leadership of economics.

Suggested Citation

  • Davis, John, 2013. "Economics Imperialism under the Impact of Psychology: The Case of Behavioral Development Economics," Working Papers and Research 2013-01, Marquette University, Center for Global and Economic Studies and Department of Economics.
    • Handle: RePEc:mrq:wpaper:2013-01
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    File URL: http://epublications.marquette.edu/econ_workingpapers/23
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    Cited by:

    1. Mario A. Cedrini & Roberto Marchionatti, 2017. "On the Theoretical and Practical Relevance of the Concept of Gift to the Development of a Non-imperialist Economics," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(4), pages 633-649, December.
    2. Cedrini, Mario & Fontana, Magda, 2015. "Mainstreaming. Reflections on the Origins and Fate of Mainstream Pluralism," CESMEP Working Papers 201501, University of Turin.
    3. Mario Cedrini & Magda Fontana, 2018. "Just another niche in the wall? How specialization is changing the face of mainstream economics [Multidisciplinarity, interdisciplinarity, transdisciplinarity, and the sciences]," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(2), pages 427-451.
    4. Bridget O'Laughlin & Ben Fine & Deborah Johnston & Ana C. Santos & Elisa Waeyenberge, 2016. "Forum 2016," Development and Change, International Institute of Social Studies, vol. 47(4), pages 640-663, July.
    5. Prevost, Benoît & Rivaud, Audrey & Michelot, Agnès, 2016. "Économie politique des services écosystémiques : de l’analyse économique aux évolutions juridiques," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 19.
    6. Judith Favereau & Nicolas Brisset, 2016. "Randomization of What? Moving from Libertarian to "Democratic Paternalism". GREDEG Working Papers Series," Working Papers hal-02092638, HAL.
    7. Donovan, Kevin P., 2018. "The rise of the randomistas: on the experimental turn in international aid," SocArXiv xygzb, Center for Open Science.
    8. Judith Favereau & Nicolas Brisset, 2016. "Randomization of What? Moving from Libertarian to "Democratic Paternalism"," GREDEG Working Papers 2016-34, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    9. Mario Cedrini & Marco Novarese, 2015. "The challenge of fear to economics," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 14(1), pages 99-106, June.
    10. Nicolas Brisset & Dorian Jullien, 2019. "Models as Speech Acts: A Restatement and a new Case Study," GREDEG Working Papers 2019-09, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    11. Victor I. Espinosa & William Hongsong Wang & Jesús Huerta de Soto, 2022. "Principles of Nudging and Boosting: Steering or Empowering Decision-Making for Behavioral Development Economics," Sustainability, MDPI, vol. 14(4), pages 1-18, February.
    12. Cléo Chassonnery-Zaïgouche, 2015. "Crossing Boundaries, Displacing Previous Knowledge and Claiming Superiority: Is the Economics of Discrimination a Conquest of Economics Imperialism?," STOREPapers 5_2015, Associazione Italiana per la Storia dell'Economia Politica - StorEP.

    More about this item

    Keywords

    economics imperialism; choice heuristics; behavioral development economics;
    All these keywords.

    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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