Explaining Changing Individual Identity: Two Examples From the Financial Crisis

Forthcoming in International Journal of Pluralism in Economic Education

10 Pages Posted: 26 Mar 2018

See all articles by John B. Davis

John B. Davis

Marquette University; University of Amsterdam; Tinbergen Institute

Date Written: March 25, 2018

Abstract

This paper outlines a framework for explaining change in agent identities, and uses the recent financial crisis to illustrate it by comparing two examples of identity change brought about by the crisis. The agent identity theory employed is the idea of a having capability for keeping a self-narrative or autobiographical account of oneself. This is developed in terms of two ways individuals identify with social groups and in terms of individuals performing a self-concept. The two examples of identity change concern subprime homeowners and bank depositors. The paper closes with comments on the role of identity analysis in a pluralistic economics.

Keywords: Identity, Self-Narrative, Social Groups, Self-Concept, Financial Crisis, Pluralism

JEL Classification: B41, B55, Z13

Suggested Citation

Davis, John B., Explaining Changing Individual Identity: Two Examples From the Financial Crisis (March 25, 2018). Forthcoming in International Journal of Pluralism in Economic Education. Available at SSRN: https://ssrn.com/abstract=3149117

John B. Davis (Contact Author)

Marquette University ( email )

P.O. Box 1881
Milwaukee, WI 53201-1881
United States

University of Amsterdam ( email )

Amsterdam
Netherlands

Tinbergen Institute ( email )

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

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