Narrative Economics and Behavioral Economics: contributions to the behavioral insights on post-Keynesian theory
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Publication Date: | 2021 |
Format: | Article |
Language: | eng |
Source: | Revista de Economia Política |
Download full: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572021000200372 |
Summary: | ABSTRACT The objective of this review is to discuss the formation of knowledge proposed by Keynes on his Treatise on Probability, and the economic agents’ behavior in an uncertainty scenario presented on his General Theory, by the Narrative Economics’ and Behavioral Economics perspectives. The hypothesis that will be analyzed is that in a keynesian uncertainty scenario, economic agents tend to act according to their context (social, geographic, historic, cultural) spreading narratives by which they identify themselves and orient decisions that cause sensible movements on the economic aggregates. Revisiting the literature, we could conclude that by bringing together the behavioral economy and the narrative economy theory, we could, from the Keynes’ insights on his writings, perceive strong empirical evidence that can be analytically important on the assessment of the economic fluctuations. |
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Narrative Economics and Behavioral Economics: contributions to the behavioral insights on post-Keynesian theoryKeynesNarrative EconomicsBehavioral EconomicsABSTRACT The objective of this review is to discuss the formation of knowledge proposed by Keynes on his Treatise on Probability, and the economic agents’ behavior in an uncertainty scenario presented on his General Theory, by the Narrative Economics’ and Behavioral Economics perspectives. The hypothesis that will be analyzed is that in a keynesian uncertainty scenario, economic agents tend to act according to their context (social, geographic, historic, cultural) spreading narratives by which they identify themselves and orient decisions that cause sensible movements on the economic aggregates. Revisiting the literature, we could conclude that by bringing together the behavioral economy and the narrative economy theory, we could, from the Keynes’ insights on his writings, perceive strong empirical evidence that can be analytically important on the assessment of the economic fluctuations.Centro de Economia Política2021-04-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572021000200372Brazilian Journal of Political Economy v.41 n.2 2021reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572021-3191info:eu-repo/semantics/openAccessFREITAS,GABRIEL VILELA RESENDEeng2021-03-23T00:00:00Zoai:scielo:S0101-31572021000200372Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2021-03-23T00:00Revista de Economia Política - EDITORA 34false |
dc.title.none.fl_str_mv |
Narrative Economics and Behavioral Economics: contributions to the behavioral insights on post-Keynesian theory |
title |
Narrative Economics and Behavioral Economics: contributions to the behavioral insights on post-Keynesian theory |
spellingShingle |
Narrative Economics and Behavioral Economics: contributions to the behavioral insights on post-Keynesian theory FREITAS,GABRIEL VILELA RESENDE Keynes Narrative Economics Behavioral Economics |
title_short |
Narrative Economics and Behavioral Economics: contributions to the behavioral insights on post-Keynesian theory |
title_full |
Narrative Economics and Behavioral Economics: contributions to the behavioral insights on post-Keynesian theory |
title_fullStr |
Narrative Economics and Behavioral Economics: contributions to the behavioral insights on post-Keynesian theory |
title_full_unstemmed |
Narrative Economics and Behavioral Economics: contributions to the behavioral insights on post-Keynesian theory |
title_sort |
Narrative Economics and Behavioral Economics: contributions to the behavioral insights on post-Keynesian theory |
author |
FREITAS,GABRIEL VILELA RESENDE |
author_facet |
FREITAS,GABRIEL VILELA RESENDE |
author_role |
author |
dc.contributor.author.fl_str_mv |
FREITAS,GABRIEL VILELA RESENDE |
dc.subject.por.fl_str_mv |
Keynes Narrative Economics Behavioral Economics |
topic |
Keynes Narrative Economics Behavioral Economics |
description |
ABSTRACT The objective of this review is to discuss the formation of knowledge proposed by Keynes on his Treatise on Probability, and the economic agents’ behavior in an uncertainty scenario presented on his General Theory, by the Narrative Economics’ and Behavioral Economics perspectives. The hypothesis that will be analyzed is that in a keynesian uncertainty scenario, economic agents tend to act according to their context (social, geographic, historic, cultural) spreading narratives by which they identify themselves and orient decisions that cause sensible movements on the economic aggregates. Revisiting the literature, we could conclude that by bringing together the behavioral economy and the narrative economy theory, we could, from the Keynes’ insights on his writings, perceive strong empirical evidence that can be analytically important on the assessment of the economic fluctuations. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-04-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572021000200372 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572021000200372 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/0101-31572021-3191 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Centro de Economia Política |
publisher.none.fl_str_mv |
Centro de Economia Política |
dc.source.none.fl_str_mv |
Brazilian Journal of Political Economy v.41 n.2 2021 reponame:Revista de Economia Política instname:EDITORA 34 instacron:EDITORA_34 |
instname_str |
EDITORA 34 |
instacron_str |
EDITORA_34 |
institution |
EDITORA_34 |
reponame_str |
Revista de Economia Política |
collection |
Revista de Economia Política |
repository.name.fl_str_mv |
Revista de Economia Política - EDITORA 34 |
repository.mail.fl_str_mv |
||cecilia.heise@bjpe.org.br |
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1754122482544017408 |