Pecchenino, Rowena A.
(2014)
The Economic Consequences of Despair.
Maynooth University.
(Unpublished)
Abstract
This paper examines despair from the perspectives of many disciplines to define
despair and to characterize the despairing individual, his motivations, and his capacity
for decision-making. Two models incorporating despair as a key element are then
proposed. Using these models as a framework, the economics literature is examined
to determine the extent to which economics has, at least implicitly, recognized despair,
without necessarily confronting it either in theory or policy design, and argue why this
failure has weakened both our theory and our policy. The paper concludes with the
suggestions that economics can and, perhaps, should incorporate despair, narrowly,
and economic agents’ emotional state, generally, into its theoretical and policy
analyses.
| Item Type: |
Other
|
| Keywords: |
Despair, existential state, suicide, long-term unemployment |
| Academic Unit: |
Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: |
5497 |
| Identification Number: |
N254-14 |
| Depositing User: |
Ms Sandra Doherty
|
| Date Deposited: |
15 Oct 2014 09:02 |
| Publisher: |
Maynooth University |
| URI: |
|
| Use Licence: |
This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available
here |
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