Bread and Bullets
31 Pages Posted: 15 Feb 2016
Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities; defining power relations; and establishing and conveying social norms. This paper describes the role narratives play in decision making, as it also juxtaposes this description against the backdrop of the Bolshevik-spawned narrative that played a critical role in the history of Russia and the Soviet Union in the 20th Century.
Keywords: narrative, motivation, attention, prediction, identity, social assignment
JEL Classification: A12, A13, A14, D03, D04, D20, D23, D30, D62, D71,
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