nep-sog New Economics Papers
on Sociology of Economics
Issue of 2024‒05‒20
two papers chosen by
Jonas Holmström, Axventure AB


  1. Large Effects of Small Cues: Priming Selfish Economic Decisions By Snir, Avichai; Levy, Dudi; Wang, Dian; Chen, Haipeng (Allan); Levy, Daniel
  2. Математическая экономика в эпоху социализма и переход к рынку By Polterovich, Victor

  1. By: Snir, Avichai; Levy, Dudi; Wang, Dian; Chen, Haipeng (Allan); Levy, Daniel
    Abstract: Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior between economists and non-economists are: (i) the selection effect, and (ii) the indoctrination effect. We offer an alternative, novel explanation: we argue that these differences can be explained by differences in the interpretation of the context. We test this hypothesis by conducting two social dilemma experiments in the US and Israel with participants from both economics and non-economics majors. In the experiments, participants face a tradeoff between profit maximization (market norm) and workers’ welfare (social norm). We use priming to manipulate the cues that the participants receive before they make their decision. We find that when participants receive cues signaling that the decision has an economic context, both economics and non-economics students tend to maximize profits. When the participants receive cues emphasizing social norms, on the other hand, both economics and non-economics students are less likely to maximize profits. We conclude that some of the differences found between the decisions of economics and non-economics students can be explained by contextual cues.
    Keywords: Self-Selection, Indoctrination, Self-Interest, Market Norms, Social Norms, Economic Man, Rational Choice, Fairness, Experimental Economics, Laboratory Experiments, Priming, Economists vs Non-Economists, Behavioral Economics
    JEL: A11 A12 A13 A20 B40 C90 C91 D01 D63 D91 P10
    Date: 2024
    URL: http://d.repec.org/n?u=RePEc:zbw:esprep:294172&r=sog
  2. By: Polterovich, Victor
    Abstract: The article is devoted to the study of the history of the Soviet school of economics and mathematics, its struggle with the official ideology and attempts to influence the choice of strategies of socio-economic development. During the NEP period in the USSR a pleiad of brilliant economists worked, who possessed advanced statistical and economic-mathematical methods and obtained a number of fundamental results, which under favorable circumstances could become the basis for Russia's inclusion in the world flow of economic research. However, the leaders of the emerging scientific direction advocated a rational combination of the plan and the market, which contradicted the government's decision to curtail the NEP. The authorities demanded justification of their policy, they regarded independent research as hostile, and the school was crushed. Its revival began in the late 1950s after the exposure of the Stalin’s cult of personality, and took place in a fierce struggle with the Nachetnik Marxism. The paper shows that this struggle revealed the imperfection of the world mathematical economics of that time, which was focused on the study of market competition and did not consider the mechanisms of rationing, queues and black market characteristic of the planned economy. The intensive efforts made by Russian economists in this direction were belated. In the "war of programs" on the transition to the market that unfolded in the late 1990s, the concept of shock economy won. This result was facilitated by the pressure of international organizations, which did not care about the welfare of the USSR population, and the lack of unity among Russian economists. They united with each other and with leading Western economists belatedly, so that the program of reforms put forward by them could no longer influence the results of reforms. Nevertheless, the efforts of mathematical economists contributed to the formation of modern economic education and independent economic science in Russia.
    Keywords: Soviet mathematical economists, planned economy, ideology, rationing, queues, black market, reform programs, shock therapy, economic education
    JEL: A11 B23 B24 N01 O21 P21
    Date: 2024–04–22
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:120794&r=sog

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