The role of introspection, text and anecdotes in pluralistic approaches to economics

Earl, Peter E. and Wakeley, Tim (2005). The role of introspection, text and anecdotes in pluralistic approaches to economics. In: Proceedings of the 2005 Conference of the Association for Heterodox Economics. AHE Annual Conference 2005. The 7th Annual Conference of the Association for Heterodox Economics: Pluralism in Economics, London, U.K., (1-20). 15-17 July, 2005.

Attached Files (Some files may be inaccessible until you login with your UQ eSpace credentials)
Name Description MIMEType Size Downloads
Earl_and_Wakeley.pdf Earl_and_Wakeley.pdf application/pdf 70.82KB 1471
Author Earl, Peter E.
Wakeley, Tim
Title of paper The role of introspection, text and anecdotes in pluralistic approaches to economics
Conference name AHE Annual Conference 2005. The 7th Annual Conference of the Association for Heterodox Economics: Pluralism in Economics
Conference location London, U.K.
Conference dates 15-17 July, 2005
Convener Association for Heterodox Economics (AHE)
Proceedings title Proceedings of the 2005 Conference of the Association for Heterodox Economics
Place of Publication U.K.
Publisher Association for Heterodox Economics
Publication Year 2005
Sub-type Fully published paper
Start page 1
End page 20
Total pages 20
Language eng
Formatted Abstract/Summary
This paper explores the possible uses of a variety of forms of narrative materials in economics as an alternative to the mainstream concentration on quantitative data. It begins by reviewing the variety of qualitative materials that might be used, ranging from think-aloud protocols, introspective self reports and anecdotes, through to text from literature and other art forms. These sources are seen as useful towards theory construction, for alerting economists to the limitations of existing theories, and in making decisions about which alternative models might be worthy of serious introspection. After examining some cases involving the use of materials from consumer magazines and novels by David Lodge, the paper ends by considering areas where these kinds of materials may be particularly worth employing.
Subjects 340101 Microeconomic Theory
Keyword Introspection
Protocol analysis
Case study method
References Abolafia, M. (1996) Making Markets: Opportunism and Restraint on Wall Street, Cambridge, MA, Harvard University Press. Andrews, P.W.S. (1949) Manufacturing Business, London, Macmillan. Atkinson, J.W. (1966) 'Motivational determinants of risk taking behavior', pp. 11-29 in Atkinson, J.W. and Feather, N.T. (eds) A Theory of Achievement Motivation, New York, Wiley. Broat, I.G. (1978) The Entrepreneur, London, Hamlyn. Cyert, R.M. and March, J.G. (1963) A Behavioral Theory of the Firm, Englewood Cliffs, NJ, Prentice-Hall. Danby, C. (2004) 'Lupita's dress: Care in time', Hypatia, vol. 19, no. 4, pp. 23-48. Deardon, J. (1999) Rogue Trader, feature film directed/produced by James Deardon, Granada Films. Earl, P.E. (1986) Liferstyle Economics, Brighton, Wheatsheaf. Earl, P.E. (1998) 'Consumer goals as journeys into the unknown', pp. 123-139 of M. Bianchi (ed.) The Active Consumer, London, Routledge. Earl, P.E. (2001) 'Simon's travel theorem and the demand for live music', Journal of Economic Psychology, vol. 22, pp. 335-358. Earl, P.E. and Kemp, S. (1999) The Elgar Companion to Consumer Research and Economic Psychology, Cheltenham, Edward Elgar. Earl, P.E. and Potts, J. (2004) 'The market for preferences', Cambridge Journal of Economics, vol. 28, pp. 619-633. Eliot, T.S. (1969) 'Four quartets', in The Complete Poems and Plays of T.S. Eliot, London, Faber and Faber. Elster, J. (1983) Sour Grapes, Cambridge, Cambridge University Press. Elster, J. (1999) Alchemies of the Mind, Cambridge, Cambridge University Press. Ericsson, K.A. and Simon, H.A. (1993) Protocol Analysis: Verbal Reports as Data, Cambridge, MA, MIT Press. French, M. (1978) The Women's Room, London, Sphere Books. Gould, S.J. (1995) 'Researcher introspection as a method in consumer research: Applications, issues and implications', Journal of Consumer Research, 21, March, pp. 719-722. Granovetter, M. (1985) 'Economic action, social structure and embeddedness', American Journal of Sociology, vol. 91, pp. 481-510. Hirschman, A.O. (1970) Exit, Voice and Loyalty, Cambridge, MA, Harvard University Press. Holbrook, M.B. (1995) Consumer Research: Introspective Essays on the Study of Consumption, Thousand Oaks, CA, Sage. Howe, R.B. (1991) 'Introspection: A reassessment', New Ideas in Psychology, vol. 9, pp.25-44. Jay, A. (1970) Management and Machiavelli, Harmondsworth, Penguin Jefferson, M. (1983) 'Economic uncertainty and business decision making', pp. 122-159 in Wiseman, J. (ed.) Beyond Positive Economics? London, Macmillan. Koppl, R. and Whitman, D.G. (2004) 'Rational-choice hermeneutics', Journal of Economic Behavior and Organization, vol. 55, pp. 295-317. Laaksonen, P. (1994) Consumer Invovlement, London, Routledge. Latsis, S. (1972) 'Situational determinism in economics', British Journal for the Philosophy of Science, vol. 25, pp. 207-245. Lee, P. (2003) 'The nature of anecdotes', Skeptics Report, September, at Leeson, N. (1997) Rogue Trader, New York, Times Warner. Lieberman, D.A. (1979) 'Behaviorism and the mind: A (limited) call for a return to introspection', American Psychologist, vol. 34, pp. 319-333. Lodge, D. (1989) Nice Work, Harmonsworth, Penguin. Lodge, D. (1996) Therapy, Harmonsworth, Penguin. Lodge, D. (2002) Thinks, London, Penguin. Lowenstein, R. 2001. 'Exuberance is rational', New York Times Magazine, 11 February.McConnell, C.R. and Brue, S. (2001) Macroeconomics, 15th edn, New York, McGraw-Hill. Lynn, J. and Jay, A. (1984) The Complete Yes Minister, London, BBC. Mayer, T. (1993) Truth versus Precision in Economics, Aldershot, Edward Elgar. Miller, A. (1972) The Price, New York, Bantam Books. Miller, G.A. (1956) 'The magic number seven plus-or-minus two: some limits on our capacity for processing information', Psychological Review, vol. 63, pp. 81-97. Morgenstern, O. (1928) Wirtscharfsprognose, Vienna, Julius Springer. Morgenstern, O. (1963) On the Accuracy of Economic Observations, Princeton, NJ, Princeton University Press (2nd edn). Neumann, J. von and Morgenstern, O. (1944) Theory of Games and Economic Behavior, Princeton, NJ, Princeton University Press. Newell, A. and Simon, H.A. (1972) Human Problem solving, Englewood Cliffs, NJ, Prentice-Hall. Newland, O. (1994) Lost Property, Auckland, HarperCollins Ozanne, J. (1999) 'Hermeneutics', pp. 280-284 in Earl and Kemps (eds) (1999). Phelps, C. (1990) 'Motivational determinate of occupational choice in Arthur Miller's 'The Price', pp. 411-427 in S. Lea, P. Webley and B. Young (eds) Applied Economic Psychology in the 1990s: Papers presented to the 15th Annual Colloquium of the International Association for Research in Economic Psychology, Exeter, Washington Singer Press. Pickett, R. (2004) Sideways, New York, St Martin's Griffin. Potts, J. (2000) The New Evolutionary Microeconoimcs, Cheltenham, Edward Elgar. Richardson, G.B. (1990) Information and Investment (2nd edn), Oxford, Clarendon Press. Routh, D.A. (1999) 'Lay economic beliefs', pp. 358-362 in Earl and Kemp (eds) (1999). Shackle, G.L.S. (1966) 'Policy, poetry and success', Economic Journal, vol. 76, pp. 755-767. Staveren, I. Van (2001) The Values of Economics: An Aristotelian Perspective, London and New York, Routledge. Steinbeck, J. (1945) Cannery Row, London, William Heinneman Ltd. Stern, B.B. (1999) 'Literary explication and deconstruction', pp. 367-373 in Earl and Kemp (eds) (1999). Thompson, C. J. (1996). Caring consumers: Gendered consumption meanings and the juggling lifestyle. Journal of Consumer Research, vol. 22, pp. 388-407 Underhill, P. (2004) Call of the Mall: How We Shop, London, Profile. Young, W. and Lee, F.S. (1993) Oxford Economics and Oxford Economists, Basingstoke, Macmillan.
Q-Index Code E1
Q-Index Status Provisional Code
Institutional Status UQ
Additional Notes Presented during Parallel Session lA: "Pluralism in Economics I".

Version Filter Type
Citation counts: Google Scholar Search Google Scholar
Created: Mon, 09 May 2005, 10:00:00 EST by Peter E. Earl on behalf of School of Economics