Economic Mind: From Attribution Error to Self-Fulfilling Prophecy

I argue in this text that the economic mind is a culturally hegemonic, naturalistic interpretation of the behavior produced by the revolutionary nature of the economic and technical developments of the nineteenth and early twentieth centuries. Despite persistent criticism, people fulfilled the predi...

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Main Author: Kuźniarz Bartosz
Format: Article
Language:English
Published: Sciendo 2020-06-01
Series:Studies in Logic, Grammar and Rhetoric
Subjects:
Online Access:https://doi.org/10.2478/slgr-2020-0022
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author Kuźniarz Bartosz
author_facet Kuźniarz Bartosz
author_sort Kuźniarz Bartosz
collection DOAJ
description I argue in this text that the economic mind is a culturally hegemonic, naturalistic interpretation of the behavior produced by the revolutionary nature of the economic and technical developments of the nineteenth and early twentieth centuries. Despite persistent criticism, people fulfilled the predictions of the economic model of a human being for so long that they committed an attribution error and took it to be the adequate vision of human nature. Neoclassical economic theory played a significant, even if involuntary, role in the spread of this illusion. I also claim that the concept of economic mind—as the dominant interpretation of human nature—currently functions as a self-fulfilling prophecy, reproducing behaviors that would have a chance to change (refuting the theory developed on their basis), were it not for the popularity of this concept as commonsensical definition of human nature.
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spelling doaj.art-2b8b11c1e03940d5b1f4aef08d1b9f542022-12-21T22:29:06ZengSciendoStudies in Logic, Grammar and Rhetoric0860-150X2199-60592020-06-0162124526410.2478/slgr-2020-0022slgr-2020-0022Economic Mind: From Attribution Error to Self-Fulfilling ProphecyKuźniarz Bartosz0University of BiałystokI argue in this text that the economic mind is a culturally hegemonic, naturalistic interpretation of the behavior produced by the revolutionary nature of the economic and technical developments of the nineteenth and early twentieth centuries. Despite persistent criticism, people fulfilled the predictions of the economic model of a human being for so long that they committed an attribution error and took it to be the adequate vision of human nature. Neoclassical economic theory played a significant, even if involuntary, role in the spread of this illusion. I also claim that the concept of economic mind—as the dominant interpretation of human nature—currently functions as a self-fulfilling prophecy, reproducing behaviors that would have a chance to change (refuting the theory developed on their basis), were it not for the popularity of this concept as commonsensical definition of human nature.https://doi.org/10.2478/slgr-2020-0022economic mindeconomic mangary beckerhuman natureattribution errorself-fulfilling prophecyhappiness paradox
spellingShingle Kuźniarz Bartosz
Economic Mind: From Attribution Error to Self-Fulfilling Prophecy
Studies in Logic, Grammar and Rhetoric
economic mind
economic man
gary becker
human nature
attribution error
self-fulfilling prophecy
happiness paradox
title Economic Mind: From Attribution Error to Self-Fulfilling Prophecy
title_full Economic Mind: From Attribution Error to Self-Fulfilling Prophecy
title_fullStr Economic Mind: From Attribution Error to Self-Fulfilling Prophecy
title_full_unstemmed Economic Mind: From Attribution Error to Self-Fulfilling Prophecy
title_short Economic Mind: From Attribution Error to Self-Fulfilling Prophecy
title_sort economic mind from attribution error to self fulfilling prophecy
topic economic mind
economic man
gary becker
human nature
attribution error
self-fulfilling prophecy
happiness paradox
url https://doi.org/10.2478/slgr-2020-0022
work_keys_str_mv AT kuzniarzbartosz economicmindfromattributionerrortoselffulfillingprophecy