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Culture & Psychology, Vol. 10, No. 4, 417-439 (2004)
DOI: 10.1177/1354067X04042892

Narrative and Systemic Modes of Economic Thinking

René van Bavel

University of Cambridge, UKrene.van-bavel{at}cec.eu.int

George Gaskell

London School of Economics, UKg.gaskell{at}lse.ac.uk

This paper concerns expert and lay economic thinking. A number of perspectives are reviewed, leading to a conceptualization which draws upon Habermas’s distinction between system and lifeworld and Bruner’s account of narrative and paradigmatic modes of thought. Qualitative empirical work conducted in Chile is analysed within a framework of systemic and narrative modes of economic thinking. Five aspects of lay and expert economic thought are identified. These include: what is seen as the ‘figure’ and the ‘ground’ in matters economic; modes of reasoning; the extent of linkages between elements of the economy; the use of metaphor; and the relation between the economy, values and society. The relationship between these two modes of thought, as well as the implications of this distinction for economic debate in the public sphere is discussed.

Key Words: Chile • economic thought • narrative and paradigmatic • public understanding of science • system and lifeworld


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