Stratification Economics as an Economics of Exclusion
Forthcoming, Journal of Race, Economics, and Policy
18 Pages Posted: 14 Feb 2019
Date Written: February 3, 2019
Stratification Economics (SE) is an emergent sub-field in economics, but its JEL classification misrepresents its content and its relationship to the whole of economics. This paper first develops a more accurate characterization of SE by identifying its differences with Mainstream Economics (ME), its commonalities with economics in a broad sense, and how the combination of these differences and commonalities define it as a distinct research program. It then applies this definition to an economic goods taxonomy that makes a distinction between local public goods and common pool goods to interpret SE’S distinct research program as an economics of exclusion. The paper closes with a discussion of how SE might explain socioeconomic change in social group identity terms.
Keywords: stratification, social group identity, complex systems, local public goods, common pool goods, exclusion, political alliance
JEL Classification: B41, Z13
Suggested Citation: Suggested Citation