ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Identity in Choice

Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being by George A Akerlof and Rachel E Kranton (Princeton: Princeton University Press), 2010; pp 185, Rs 1,195

B y the mid-20th century, the idea that the subject of economics should be based primarily on the study of the choices made by individual economic decision-making agents, possibly embellished by postulations regarding unobservable motivations or behavioural imperatives, had gained pre-eminence. Powerful mathematical theories of individual behaviour began to be established, with each such theory adopting a set of explicit assumptions (or postulates or axioms), many of which were about the motivations of economic actors. These assumptions were then used to deduce various implications or propositions regarding actual choices, which may be thought of both as predictions on what choices would be made in given circumstances, as well as frameworks to start analysing data on past choices.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here


To gain instant access to this article (download).

INR 59

(Readers in India)

$ 6

(Readers outside India)

Support Us

Your Support will ensure EPW’s financial viability and sustainability.

The EPW produces independent and public-spirited scholarship and analyses of contemporary affairs every week. EPW is one of the few publications that keep alive the spirit of intellectual inquiry in the Indian media.

Often described as a publication with a “social conscience,” EPW has never shied away from taking strong editorial positions. Our publication is free from political pressure, or commercial interests. Our editorial independence is our pride.

We rely on your support to continue the endeavour of highlighting the challenges faced by the disadvantaged, writings from the margins, and scholarship on the most pertinent issues that concern contemporary Indian society.

Every contribution is valuable for our future.