No open-access location is known for this record yet.
No open-access location is known for this record yet.
Hope plays an important role in all individuals’ lives both today and in the future. While \nhope and hopelessness are important concepts and the subjects of much theorizing in \npsychology, theology, philosophy, political science, nursing, as well as in literature and the \narts, it is absent from economics. This silence on hope is notable since hope is fundamentally \nat the centre of choice, especially intertemporal choice, which is at the centre of economic \nanalysis. To place hope at the centre of intertemporal choice, it is important to clearly define \nwhat hope is and what it is not. What hope is not is constant. Hope is not optimism; hope is \nnot unfounded dreams divorced from reality; hope is not irrational. I distil what hope is from \nits characterization in a number of different disciplines. A comparison of characterizations \nidentifies a number of commonalities and common definitions. Using the derived set of \ndefinitions, I incorporate hope into economic analysis, consider what implications hope has \nfor the modelling of choice and for economic behaviour, and discuss whether hope is \nimplicitly imbedded in or has been abandoned, to our eternal cost, by economics.
Loading…
Imported from OpenAlex (CC0) — nothing here is generated.