Searching for Homo Economicus: Variation in Americans’ Construals of and Attitudes toward Markets

Paul Dimaggio, Amir Goldberg

    Research output: Contribution to journalArticle

    Abstract

    Economic sociologists agree that economic rationality is constructed and that morality and economic interests intersect. Yet we know little about how people organize economic beliefs or judge the morality of markets. We use Relational Class Analysis to identify three subsets of respondents whose members construe economic markets in distinct ways. Subsamples display more structure than the full sample in associations among attitudes, and between attitudes and sociodemographic predictors. The economically advantaged favor market solutions in each subset, but religious and political identities, respectively, predict pro-market views uniquely in subsamples that construe markets through a religious or political lens. Results illustrate the value of distinguishing between construals and positions, and of examining population heterogeneity in opinion data. Self-interest drives faith in markets, but only when people construe markets in ways consistent with their religious and political faiths.

    Original languageEnglish (US)
    Pages (from-to)1-39
    Number of pages39
    JournalArchives Europeennes de Sociologie
    DOIs
    StateAccepted/In press - Feb 21 2018

    Fingerprint

    homo economicus
    market
    economics
    morality
    faith
    political identity
    sociologist
    rationality

    Keywords

    • Economic attitudes
    • Markets
    • Population heterogeneity
    • Relational Class Analysis (RCA)
    • Sacredness

    ASJC Scopus subject areas

    • Sociology and Political Science

    Cite this

    Searching for Homo Economicus : Variation in Americans’ Construals of and Attitudes toward Markets. / Dimaggio, Paul; Goldberg, Amir.

    In: Archives Europeennes de Sociologie, 21.02.2018, p. 1-39.

    Research output: Contribution to journalArticle

    @article{ee8bbdbb3fe944c097e570395e0ebc79,
    title = "Searching for Homo Economicus: Variation in Americans’ Construals of and Attitudes toward Markets",
    abstract = "Economic sociologists agree that economic rationality is constructed and that morality and economic interests intersect. Yet we know little about how people organize economic beliefs or judge the morality of markets. We use Relational Class Analysis to identify three subsets of respondents whose members construe economic markets in distinct ways. Subsamples display more structure than the full sample in associations among attitudes, and between attitudes and sociodemographic predictors. The economically advantaged favor market solutions in each subset, but religious and political identities, respectively, predict pro-market views uniquely in subsamples that construe markets through a religious or political lens. Results illustrate the value of distinguishing between construals and positions, and of examining population heterogeneity in opinion data. Self-interest drives faith in markets, but only when people construe markets in ways consistent with their religious and political faiths.",
    keywords = "Economic attitudes, Markets, Population heterogeneity, Relational Class Analysis (RCA), Sacredness",
    author = "Paul Dimaggio and Amir Goldberg",
    year = "2018",
    month = "2",
    day = "21",
    doi = "10.1017/S0003975617000558",
    language = "English (US)",
    pages = "1--39",
    journal = "Archives Europeennes de Sociologie",
    issn = "0003-9756",
    publisher = "Cambridge University Press",

    }

    TY - JOUR

    T1 - Searching for Homo Economicus

    T2 - Variation in Americans’ Construals of and Attitudes toward Markets

    AU - Dimaggio, Paul

    AU - Goldberg, Amir

    PY - 2018/2/21

    Y1 - 2018/2/21

    N2 - Economic sociologists agree that economic rationality is constructed and that morality and economic interests intersect. Yet we know little about how people organize economic beliefs or judge the morality of markets. We use Relational Class Analysis to identify three subsets of respondents whose members construe economic markets in distinct ways. Subsamples display more structure than the full sample in associations among attitudes, and between attitudes and sociodemographic predictors. The economically advantaged favor market solutions in each subset, but religious and political identities, respectively, predict pro-market views uniquely in subsamples that construe markets through a religious or political lens. Results illustrate the value of distinguishing between construals and positions, and of examining population heterogeneity in opinion data. Self-interest drives faith in markets, but only when people construe markets in ways consistent with their religious and political faiths.

    AB - Economic sociologists agree that economic rationality is constructed and that morality and economic interests intersect. Yet we know little about how people organize economic beliefs or judge the morality of markets. We use Relational Class Analysis to identify three subsets of respondents whose members construe economic markets in distinct ways. Subsamples display more structure than the full sample in associations among attitudes, and between attitudes and sociodemographic predictors. The economically advantaged favor market solutions in each subset, but religious and political identities, respectively, predict pro-market views uniquely in subsamples that construe markets through a religious or political lens. Results illustrate the value of distinguishing between construals and positions, and of examining population heterogeneity in opinion data. Self-interest drives faith in markets, but only when people construe markets in ways consistent with their religious and political faiths.

    KW - Economic attitudes

    KW - Markets

    KW - Population heterogeneity

    KW - Relational Class Analysis (RCA)

    KW - Sacredness

    UR - http://www.scopus.com/inward/record.url?scp=85042236029&partnerID=8YFLogxK

    UR - http://www.scopus.com/inward/citedby.url?scp=85042236029&partnerID=8YFLogxK

    U2 - 10.1017/S0003975617000558

    DO - 10.1017/S0003975617000558

    M3 - Article

    AN - SCOPUS:85042236029

    SP - 1

    EP - 39

    JO - Archives Europeennes de Sociologie

    JF - Archives Europeennes de Sociologie

    SN - 0003-9756

    ER -