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Proving the existence of macropsychological phenomena? The Katona-Tobin controversy over the predictive value of attitudinal data

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Abstract

This paper analyzes the controversy between George Katona and James Tobin that happened at the end of the nineteen fifties. The central problem of the paper concerns the nature of psychological phenomena. While Tobin defends that economic behavior stems from the individual, Katona tries to develop a macropsychological approach in which the individual plays a secondary role. The controversy thus reveals the arguments that initiated the developments of microeconomic theories and the construction of microeconomic data during the nineteen fifties

Suggested Citation

  • Pierrick Dechaux, 2015. "Proving the existence of macropsychological phenomena? The Katona-Tobin controversy over the predictive value of attitudinal data," Documents de travail du Centre d'Economie de la Sorbonne 15011, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    • Handle: RePEc:mse:cesdoc:15011
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    Keywords

    Macroeconomics; History of behavioral economics; Attitudinal data; Economic prediction;
    All these keywords.

    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics

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