Article ID Journal Published Year Pages File Type
970275 The Journal of Socio-Economics 2008 30 Pages PDF
Abstract

The homo economicus rationally thinks and acts free of social influence. Yet, in real world, individual is socially embedded. His/her opinion, perceived as adhesion degree or commitment to values, norms and diverse concepts, depends on a social power process which determines the opinions evolution for eventually reaching a final compromise shared by members of a group. I show how the individual’s position in the power structure resolves the weight of his/her initial opinion in the compromise, why initial opinions of some individuals are not necessarily taken in consideration (dictatorial structure) and when sub-groups have different final opinions. I confront the significance of the compromise with the current philosophical literature about the we-intention of a group and I mention several economic topics which could be reviewed in the light of collective opinion formation and structural power.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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