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

Paul Dimaggio, Amir Goldberg

    Research output: Contribution to journalReview article

    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)151-189
    Number of pages39
    JournalArchives Europeennes de Sociologie
    Volume59
    Issue number2
    DOIs
    StatePublished - Aug 1 2018

    Keywords

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

    ASJC Scopus subject areas

    • Sociology and Political Science

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