“We Thinking” and Its Consequences

Author:

Akerlof Robert1

Affiliation:

1. Department of Economics, University of Warwick, Coventry CV4 7AL, UK (e-mail: )

Abstract

Increasingly, economists are drawing on concepts from outside economics--such as “norms,” “esteem,” and “identity”--to model agents' social natures. A key reason for studying such social motivation is to shed light on the conditions that facilitate--or deter--collective action. It has been widely observed, for instance, that groups are more able to engage in collective action when they have a common, group identity. This paper gives one explanation for such a link. The paper develops a new concept, “we thinking”; and it also provides a deeper understanding of the concepts of norms, identity, and esteem.

Publisher

American Economic Association

Subject

Economics and Econometrics

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