Book · 2010 · Business & Economics
Identity Economics
How Our Identities Shape Our Work, Wages, and Well-Being
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Two of my favorite economists George aof and Rachel cranton somewhere around 2000 wrote a paper on the economics of identity and they start this paper with this beautiful sentence that identity is one of the most important choices that an individual can make.
The best things said about it
If you think about george acholoff and rachel crenton and identity economics or the narrative economics that bob schiller and others have written about.
Why people recommend it
George A. Akerlof and Rachel E. Kranton's book Identity Economics explores how a person's social identity influences their economic choices, behavior, and outcomes. The work was referenced across different episodes of prominent discussion-based podcasts. On an episode of Freakonomics Radio, Stephen Dubner discussed concepts of identity, framing, and anchoring, which prompted guest Roland Fryer to highlight a foundational paper by economists George Akerlof and Rachel Kranton on the economics of identity. Fryer noted how their work began with the profound premise that identity is among the most consequential choices an individual can make. Later, on an episode of EconTalk, guest Diane Coyle referenced Akerlof and Kranton's book alongside Robert Shiller's work on narrative economics. Coyle used these references to illustrate a broader shift in the economic discipline, noting how modern economists are increasingly incorporating social norms, identity, and narrative structures into their models rather than relying solely on traditional rational choice theory. These podcast mentions underscored the book's enduring influence in bridging economic theory with sociology and psychology.
Every mention
Diane Coyle if you think about george acholoff and rachel crenton and identity economics or the narrative economics tha… 1
“if you think about george acholoff and rachel crenton and identity economics or the narrative economics that bob schiller and others have written about”
Roland Fryer two of my favorite economists George aof and Rachel cranton somewhere around 2000 wrote a paper on the econ… 1
“two of my favorite economists George aof and Rachel cranton somewhere around 2000 wrote a paper on the economics of identity and they start this paper with this beautiful sentence that identity is one of the most important choices that an individual can make”
