Download PDF Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being, by George A. Akerlof Rachel E. Kranton

Download PDF Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being, by George A. Akerlof Rachel E. Kranton

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Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being, by George A. Akerlof Rachel E. Kranton

Download PDF Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being, by George A. Akerlof Rachel E. Kranton

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Review

"George A. Akerlof, Co-Winner of the 2001 Nobel Prize in Economics""One of Bloomberg News's (bloomberg.com/news) Top Thirty Business Books of the Year for 2010""Honorable Mention for the 2010 PROSE Award in Economics, Association of American Publishers""Akerlof . . . and Kranton . . . explore the links between our identities and the everyday decisions we make about earning and spending money. Their goal is to add a more personal touch to economics." (New York Times)"There is no question monetary incentives are important--indeed critical--but it is important also to consider other meaningful ways to motivate and engage work forces. In a recent book by George Akerlof and Rachel Kranton, Identity Economics, the authors document how people in exceptional organizations work well because they identify with the values and the culture, not simply the financial rewards."---Al Gore and David Blood, Wall Street Journal"[A]n important new book. . . . Professor Akerlof and Rachel Kranton have invented Identity Economics."---Daniel Finkelstein, The Times"Identity Economics is a popular account of work that will already be familiar to economists who have read the authors' journal articles. It is admirably short, written in a clear, nontechnical style but without the condescending breeziness of many books aimed at the airport market. Nonspecialist readers will find a lot of insightful and well-informed analysis of how issues of identity have an impact on real economic problems."---Robert Sugden, Science"The authors make a compelling case that the group with which individuals identify shapes their decisions about schooling, work, savings, investment, and retirement. This paradigm offers better ways of understanding the consequences of public policies and business practices. . . . Identity Economics provides a new language and a useful apparatus to take measure of 'real people in real situations.'" (Barron's)"Business managers, economists, policy makers, and school administrators will all gain fresh insights into similar enigmas that confront them if they bear the book's message in mind: identity matters." (ForeWord)"[A] lucid look at how social considerations carry economic consequences. . . . The authors use the word 'identity' as shorthand for the way people divide themselves into social groups, each of which--like high-school Jocks and Burnouts--has a sense of how to behave."---James Pressley, Bloomberg News

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From the Back Cover

"In the regular economic discourse of markets and taxes, we often forget about the forces that truly make a large difference in our lives. In Identity Economics we sit on an economic porch with Rachel Kranton and George Akerlof, observing what we care about most--our identity."--Dan Ariely, author of Predictably Irrational: The Hidden Forces That Shape Our Decisions"In Identity Economics, George Akerlof and Rachel Kranton team up to bring people and their passions into economic analysis. Moving away from conventional accounts, they propose a bold paradigm to explain why and how identity and social norms shape economic decision making. With verve and insight, the book transforms standard economic understandings of organizations, schools, gender segregation, and racial discrimination. This new enlightened economics opens up a bright future for serious collaboration between economists and sociologists."--Viviana A. Zelizer, author of The Purchase of Intimacy"This intriguing book shows how much can be learned when you add the tools of economics to the other intellectual resources now available for thinking about the power of identity. George Akerlof and Rachel Kranton report the results of technical modeling without immersing the reader in the technicalities. The result is an accessible work of commendable clarity."--Kwame Anthony Appiah, author of The Ethics of Identity"Identity Economics blends elements of psychology with traditional economic analysis. The writing is clear, interesting, and light on jargon. The interplay between theoretical predictions and concrete examples is particularly successful. It brings fascinating developments at the frontier of economics within reach of a wide audience."--H. Peyton Young, University of Oxford"Identity Economics is full of creative and interesting thoughts that will delight and intrigue those who read it. The writing is lucid and accessible with a minimum of standard economics jargon, making it possible for the book to have a wide readership across the social sciences."--Timothy Besley, London School of Economics and Political Science

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Product details

Paperback: 200 pages

Publisher: Princeton University Press (September 26, 2011)

Language: English

ISBN-10: 0691152551

ISBN-13: 978-0691152554

Product Dimensions:

5.5 x 0.5 x 8.5 inches

Shipping Weight: 9.6 ounces (View shipping rates and policies)

Average Customer Review:

3.8 out of 5 stars

26 customer reviews

Amazon Best Sellers Rank:

#829,689 in Books (See Top 100 in Books)

Identity Matters since its affects all aspects of our lives.Standard economic models based on perfect information and competition neglect powerful identity forces which explain why often actors don't maximize output.Why do poor and minority children don't tend to obtain higher high school scores?Why do women earn less money than men in same type of jobs and occupations?Read the book. Learn and apply its lessons to make the world a better and more just place for all.

Really well-written and easy to understand. On top of that, the topics in this book are incredibly interesting and are things that are very important to understand how people behave today, and even how they will behave in the future.

I must admit, even though I'm definitely an admirer of Akerlof's work, I was fairly skeptical of this book going into it. I figured it was worth the quick read. Well, my skepticism turned out to be misplaced. The book is well-written, clear, and makes its case quite convincingly. After reading it, it was difficult not to concede that mainstream economics needs to put at least some more thought into assessing the role of identity in people's decisions. The book does a nice job of explaining how identity is different from other more common economic theories of people's behavior (asymmetric information, repeated games of cooperation, Becker-style tastes in the utility function), and how it is capable of capturing many important and difficult-to-explain situations that are observed in the real world. Hopefully, the profession will take the book and its suggestions seriously and push research in that direction.

This book did a good job explaining the effects of identity in today’s economy. It was a good read and explained very well why people act in certain ways. I felt that it could have gone more in to detail, though. I felt the examples were a good way to explain it, like the children in the carousel, but overall it felt slow.

The authors identify this field as nascent and so the book contains only hints of how far this approach can be taken. I don't think it is over stating the case to say America and much of the world is in an identity economics recession. The kind of validation the book describes as on par with monetary compensation has become harder and harder to come by. Once one accepts that there are other purposes to our economy besides maximizing individual life style then most of traditional economics falls apart. The book barely scratches the surface on the possibility that identity utility function, not purchasing power, is the main driver of our economy.

Brilliant. Akerlof and Kranton convincingly challenge the economic assumption "De Gustibus Non Disputandem" (per Gary Becker) --- that tastes are a given, outside the province of economics. An easy and insightful read.

This book is correct in what it is proposing, but it comes across as an article that was lengthened and published as a book to try and make more money out of the concept.Disclosure: I am earning my Masters in Health Administration as well as my Masters in Business Administration. I read books on behavioral economics, business, strategy, and crowds.Content: The authors did not find good examples for their argument. Their arguments are loosely built and poorly reinforced. I have read other books (likeSwitch: How to Change Things When Change Is Hard) that bring up some of the main concepts of this book but with better arguments and in a more enjoyable and convincing manner.Writing style: This book was written like an article -- very, very dry. The authors sound pompous and fail to engage the reader. I could not wait to finish this book.Overall recommendation: I really wish I could have given this book less than 3 stars, but I had to give some credit where credit is due. Identity economics is real, and the authors should get credit for recognizing and promoting it, but I suggest reading a different book if you want to know more about it.

Very readable and approachable book. It so nice that Economics is beginning to see the effects of culture in their work. Great read.

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Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being, by George A. Akerlof Rachel E. Kranton PDF

Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being, by George A. Akerlof Rachel E. Kranton PDF