The Economy of Esteem

Geoffrey Brennan and Philip Pettit

in The Economy of Esteem

Published in print March 2004 | ISBN: 9780199246489
Published online November 2004 | e-ISBN: 9780191601460 | DOI:
The Economy of Esteem

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We have found reason to think that three conditions are fulfilled in the case of esteem.

1. Esteem is an object of general desire that is in scarce supply, both in the sense of requiring effort to access and in the sense of occasioning competition.

2. Esteem is an effective demand among people in the sense that people can rationally try to increase their individual levels of esteem.

3. Esteem can be rationally supplied as well as pursued so that people can also resort to exchange in seeking to increase their esteem.

The fulfillment of these conditions promises to give rise to an economy of esteem and the remainder of the book seeks to explore this economy. The economy is illustrated here with reference to academic community and some general observations are made on the shape it is likely to assume. Some attention is given to the issue of how far people may be aware of the rule of the economy in their own lives.

Keywords: fundamental attribution bias; ideal; power; standard

Chapter.  5686 words. 

Subjects: Microeconomics

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