Hostname: page-component-586b7cd67f-2plfb Total loading time: 0 Render date: 2024-11-28T01:29:57.896Z Has data issue: false hasContentIssue false

The mind of the market: Lay beliefs about the economy as a willful, goal-oriented agent

Published online by Cambridge University Press:  30 August 2018

Matthias Forstmann
Affiliation:
Department of Psychology, Yale University, New Haven, CT 06520. [email protected]://scholar.google.de/citations?user=9XhJHwQAAAAJ
Pascal Burgmer
Affiliation:
Department of Psychology, University of Cologne, 50931 Köln, Germany. [email protected]://scholar.google.de/citations?user=LrJnjP4AAAAJ

Abstract

We propose an extension to Boyer & Petersen's (B&P's) framework for folk-economic beliefs, suggesting that certain evolutionarily acquired cognitive inference systems can cause modern humans to perceive abstract systems such as the economy as willful, goal-oriented agents. Such an anthropomorphized view, we argue, can have meaningful effects on people's moral evaluations of these agents, as well as on their political and economic behavior.

Type
Open Peer Commentary
Copyright
Copyright © Cambridge University Press 2018 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Barrett, J. L. (2000) Exploring the natural foundations of religion. Trends in Cognitive Sciences 4(1):2934.Google Scholar
Barton, R. A. & Dunbar, R. L. M. (1997) Evolution of the social brain. In: Machiavellian intelligence, vol. II, ed. Whiten, A. & Byrne, R., pp. 240–63. Cambridge University Press.Google Scholar
Bering, J. (2006) The folk psychology of souls. Behavioral and Brain Sciences 29(1):146.Google Scholar
Bloom, P. (2004) Descartes' baby: How the science of child development explains what makes us human. Basic Books.Google Scholar
Boyer, P. (2001) Religion explained: The evolutionary origin of religious thought. Basic Books.Google Scholar
Chartrand, T. L., Fitzsimons, G. M. & Fitzsimons, G. J. (2008) Automatic effects of anthropomorphized objects on behavior. Social Cognition 26(2):198209.Google Scholar
Connor, S. (2016) Decomposing the Humanities. New Literary History 47(2):275–88.Google Scholar
Forstmann, M. & Burgmer, P. (2015) Adults are intuitive mind-body dualists. Journal of Experimental Psychology: General 144(1):222–35.Google Scholar
Forstmann, M. & Burgmer, P. (2017) Antecedents, manifestations, and consequences of belief in mind–body dualism. In: The science of lay theories: How beliefs shape our cognition, behavior, and health, ed. Zedelius, C. M., Müller, B. C. N. & Schooler, J. W., pp. 181205. Springer.Google Scholar
Frith, U. & Frith, C. D. (2003) Development and neurophysiology of mentalizing. Philosophical Transactions of the Royal Society B: Biological Sciences 358(1431):459–73.Google Scholar
Gray, K., Young, L. & Waytz, A. (2012) Mind perception is the essence of morality. Psychological Inquiry 23(2):101–24.Google Scholar
Heider, F. & Simmel, M. (1944) An experimental study of apparent behavior. The American Journal of Psychology 57(2):243–59.Google Scholar
Montgomery, S. (1991) Walking with the great apes: Jane Goodall, Dian Fossey, and Birutè Galdikas. SUNY Press.Google Scholar
Nozick, R. (1994) Invisible-hand explanations. The American Economic Review 84(2):314–18.Google Scholar
Prilleltensky, I. & Gonick, L. (1996) Polities change, oppression remains: On the psychology and politics of oppression. Political Psychology 17(1):127–48.Google Scholar
Rai, T. S. & Diermeier, D. (2015) Corporations are cyborgs: Organizations elicit anger but not sympathy when they can think but cannot feel. Organizational Behavior and Human Decision Processes 126:1826.Google Scholar
Rubin, P. H. (2014) Emporiophobia (fear of markets): Cooperation or competition? Southern Economic Journal 80(4):875–89. doi: 10.4284/0038-4038-2013.287.Google Scholar
Valentino, N. A., Brader, T., Groenendyk, E. W., Gregorowicz, K. & Hutchings, V. L. (2011) Election night's alright for fighting: The role of emotions in political participation. The Journal of Politics 73(1):156–70.Google Scholar
Waytz, A., Morewedge, C. K., Epley, N., Monteleone, G., Gao, J. H. & Cacioppo, J. T. (2010) Making sense by making sentient: Effectance motivation increases anthropomorphism. Journal of Personality and Social Psychology 99(3):410–35.Google Scholar
Waytz, A. & Young, L. (2012) The group-member mind trade-off: Attributing mind to groups versus group members. Psychological Science 23(1):7785.Google Scholar