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首页> 外文期刊>Theoretical Economics Letters >Can Narrative Economics Justify Economic Fluctuations and Inequality? An Approach from Micro to Macro Perspective
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Can Narrative Economics Justify Economic Fluctuations and Inequality? An Approach from Micro to Macro Perspective

机译：叙事经济可以证明经济波动和不平等是合理的吗？从微量到宏观的方法

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The opus dwells on aspects of building narrative, especially for state policies. It thoroughly examines economic narratives as a reason for the economic fluctuations and aggrandizement of resources. The present work is a watershed development while explaining the factors behind the dynamics of the economic system, engages upon a bottom-up approach, and provides a model for the impact of narrative-driven choices at the micro and macro levels contemplating the role of narrative in escalating inequality. The present research is intrigued by the fact that narratives form an inextricable role while forming and implementing state policies; moreover, non-developmental narratives can dampen the impact of desired policy and economic objectives. Importantly, since facts do not always back narratives, erratic economic and social outcomes petered out from conventional policy action. A few wealthy and resourceful people can swing the narrative and build upon by the low literacy, learning poverty, lack of rational approach, religious and caste factors. Such narratives subsequently influence people’s decisions, often their political decision, which enhances their probability of acquiring more wealth, leading to a perpetual concentration of wealth and power in few hands. The reason for the “perpetual concentration” of wealth and power lies with the existence of strong narratives that directly or indirectly reinforces aggrandizement and causes penury to the few left out underprivileged sections. Such inequality will be nothing short of being “narrative-driven inequality”. The research also emphasized the role of institutions, media, and technology, which unanimously plays a crucial role in creating, validating, and disseminating narratives. An overall ethical responsibility must be felt and shared for the common good and shared prosperity. The participative decision making helps dilute non-developmental narratives.
机译：Opus居住在建筑叙事方面，特别是对于国家政策。它彻底审查了经济叙述作为经济波动和资源严重化的原因。目前的工作是流域的发展，同时解释了经济体系动态背后的因素，从事自下而上的方法，并为叙事驱动的选择对叙事作用的微观和宏观水平的影响提供了模型在不平等不平等。目前的研究受到叙述在形成和实施国家政策的同时形成不确定的作用;此外，非发展叙述可以抑制所需政策和经济目标的影响。重要的是，由于事实并不总是恢复叙事，从传统政策行动中递出来的不稳定的经济和社会成果。一些富有富有的富裕和灵通的人可以通过低识字，学习贫困，缺乏合理的方法，宗教和种姓因素来摆动叙述和建立。这些叙述随后影响了人们的决定，往往是他们的政治决定，这提高了他们获得更多财富的可能性，导致几只手中的财富和权力的绝佳集中。财富和权力“永久集中”的原因在于存在强烈的叙述，直接或间接地加强了委屈的人，并导致少数遗漏的贫困部分。这种不平等将没有任何“叙事驱动的不平等”。该研究还强调了机构，媒体和技术的作用，这一致在创造，验证和传播叙述方面发挥着至关重要的作用。必须感受到整体道德责任，以共同为共同的良好和共享繁荣。参与决策有助于稀释非发展叙事。

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