TY - JOUR A1 - Chierchia, Gabriele A1 - Przyrembel, Marisa A1 - Lesemann, Franca Parianen A1 - Bosworth, Steven A1 - Snower, Dennis A1 - Singer, Tania T1 - Navigating Motivation: A Semantic and Subjective Atlas of 7 Motives JF - Frontiers in Psychology N2 - Research from psychology, neurobiology and behavioral economics indicates that a binary view of motivation, based on approach and avoidance, may be too reductive. Instead, a literature review suggests that at least seven distinct motives are likely to affect human decisions: “consumption/resource seeking,” “care,” “affiliation,” “achievement,” “status-power,” “threat approach” (or anger), and “threat avoidance” (or fear). To explore the conceptual distinctness and relatedness of these motives, we conducted a semantic categorization task. Here, participants were to assign provided words to one of the motives. By applying principal component analysis to the categorization assignments we represent the semantic inter-relations of these motives on a two-dimensional space, a “semantic atlas.” This atlas suggests that, while care and affiliation are conceptually close, affiliation is closer to threat avoidance (or fear); opposite to these motives we find achievement, consumption and power, with the latter lying closer to threat approach (or anger). In a second study, we asked participants to rate how well the motive-specific words obtained in the first study described their currently experienced feelings. We find that semantically close motives are also more likely to be experienced together, that is, we replicate most of the semantic relations in the “subjective atlas.” We discuss our findings in comparison to other multi-dimensional models of motivation, which show clear similarities. In addition to these motivational atlases, we provide a database of motive-specific words, together with the valence and arousal scores. These can be used for future research on the influence of motives on decision making. KW - - KW - affiliation KW - care KW - motives KW - motivation psychology KW - semantic categorization KW - economic decision making Y1 - 2021 U6 - https://doi.org/10.3389/fpsyg.2020.568064 SN - 1664-1078 VL - 11 PB - Frontiers Media S.A. ER - TY - RPRT A1 - Fleurbaey, Marc A1 - Kanbur, Ravi A1 - Snower, Dennis T1 - Efficiency and Equity in a Society-Economy Integrated Model N2 - A model that only focuses on economics relations, and in which efficiency and equity are defined in terms of resource allocation may miss an important part of the picture. We propose an integrated model that embeds economic activities in a larger game of social interactions, and define comprehensive notions of efficiency and equity. Social interactions provide additional sources of inefficiencies and inequalities, including through the mere lack of coordination between the regulation mechanisms of the economics sphere and the social sphere. Remedies may require more than market solutions and redistribution of resources. In particular, social norms are likely to play an important role. Y1 - 2021 UR - https://www.cesifo.org/en/publikationen/2021/working-paper/efficiency-and-equity-society-economy-integrated-model ET - CESifo Working Paper No. 9259 ER - TY - JOUR A1 - Snower, Dennis A1 - Bosworth, Steven T1 - Economic, Social and Political Fragmentation: Linking Knowledge-Biased Growth, Identity, Populism and Protectionism JF - European Journal of Political Economy N2 - This paper examines how economic fragmentation (widening inequality of skills, income and education) gives rise to social fragmentation (via incompatible social identities), generating political fragmentation (via incompatible economic policies). We consider three value-driven identities: individualism, focused on status concerns, communitarianism, focused on social affiliations, and multi-affiliatedness, encompassing both objectives. Under endogenous identity formation high-skill people are drawn to individualism, the lower-skilled to communitarianism, and those of intermediate skill to multi-affiliatedness. Skill- and education-biased growth leads to increasing social polarisation, expanding the individualistic and communitarian groups at the expense of multi-affiliates. This expands the political constituency for closed policies (such as protectionism, immigration controls and nationalism), even when these policies reduce everyone's living standards. Our analysis thereby helps explain the economic and social underpinnings of populism. KW - Inequality; Communitarianism; Social fragmentation; Globalisation; Individualism; Identity Y1 - 2021 UR - https://www.sciencedirect.com/science/article/abs/pii/S0176268020301130?via%3Dihub U6 - https://doi.org/10.1016/j.ejpoleco.2020.101965 VL - 67 IS - 101965 ER - TY - JOUR A1 - Snower, Dennis T1 - Economics Nears a New Paradigm JF - Evonomics Y1 - 2021 UR - https://evonomics.com/why-behavioral-economics-cant-fix-a-broken-discipline/ ER - TY - JOUR A1 - Snower, Dennis T1 - Wie sich echter Wohlstand messen läss JF - Makronom N2 - An vielen Orten auf der Welt erleben wir, wie sich das Gefühl von Machtlosigkeit und sozialer Entfremdung breit macht – wirtschaftlicher und sozialer Wohlstand sind nicht mehr miteinander im Einklang, sie sind entkoppelt. Daher braucht es ein neues Verständnis von Wohlstand. Y1 - 2021 UR - https://makronom.de/recoupling-dashboard-mehr-als-das-bip-wie-sich-echter-wohlstand-messen-laesst-38027 ER - TY - RPRT A1 - Lima de Miranda, Katharina A1 - Snower, Dennis T1 - The Societal Responses to COVID-19: Evidence from the G7 Countries N2 - This paper provides a new picture of how countries have responded to the COVID-19 pandemic by examining the effects of the pandemic in terms of normative foundations for societal wellbeing. Social prosperity depends primarily on the functioning of four domains: the economy, the state, civil society and the environment. We use the Recoupling Dashboard—composed of four main indexes: Solidarity (S), Agency (A), GDP (material Gain, G) and Environmental sustainability (E) —to uncover the divergent experiences of countries in 2020. This paper focuses on the G7 countries—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—as the first step towards a wider appraisal. In all countries under review we see a sharp drop in GDP due to the pandemic and a corresponding drop in CO2 emissions. The uniformity of response in the economic and environmental domains stands in sharp contrast to the diversity of social responses to the challenge of cooperation that the coronavirus posed. The only clear pattern that emerges from cross-country comparisons is that Inward Solidarity, important for social cohesion in close social networks, and Outward Solidarity, important for the will to cooperate with other nations and cultures, have drifted apart in all G7 countries except Japan. Otherwise the movements in solidarity are highly idiosyncratic. In addition, the responses of Agency to the pandemic are diverse and are not noticeably correlated with the changes in Solidarity. The discrepancies in the social responses to the pandemic may be expected to have potentially important implications for how these countries fare during the pandemic and how well they come out of this crisis. KW - Covid-19, wellbeing, social sustainability, social solidarity, empowerment beyond GDP Y1 - 2021 UR - http://hdl.handle.net/10419/235446 ER - TY - RPRT A1 - Snower, Dennis T1 - Capitalism Recoupled N2 - This paper examines major forces that have decoupled economic and business prosperity from social prosperity and explores how recoupling can be promoted. Economists have specified well-known conditions under which free market enterprise with shareholder value maximization is efficient. These conditions are systematically violated by three forces â?? globalization, technological advance and financialization (GTF) â?? that have weakened the connections between economies and societies over the past four decades. Consequently, the recoupling process requires abandoning the default premise of economic decision making that social progress follows financial performance. For business, it calls for a move from shareholder to stakeholder value. For government, it calls for setting legal obligations, targets and incentives to ensure that stakeholder value is compatible with a rigorously defined concept of "societal and planetary value. KW - Financialization, Globalization, Recoupling, shareholder value, stakeholder value, technological advance, Wellbeing Y1 - 2021 UR - https://cepr.org/active/publications/discussion_papers/dp.php?dpno=16302 ET - Centre for Economic Policy Research DP16302 ER - TY - RPRT A1 - Snower, Dennis A1 - Twomey, Paul T1 - Humanistic Digital Governance N2 - We identify an important feature of current digital governance systems: “third-party funded digital barter”: consumers of digital services get many digital services for free (or underpriced) and in return have personal information about themselves collected for free. In addition, the digital consumers receive advertising and other forms of influence from the third parties that fund the digital services. The interests of the third-party funders are not well-aligned with the interests of the digital consumers. This fundamental flaw of current digital governance systems is responsible for an array of serious problems, including inequities, inefficiencies, manipulation of digital consumers, as well as dangers to social cohesion and democracy. We present four policy guidelines that aim to correct this flaw by shifting control of personal data from the data aggregators and their third-party funders to the digital consumers. The proposals cover “official data” that require official authentication, “privy data” that is either generated by the data subjects about themselves or by a second parties, and “collective data.” The proposals put each of these data types under the individual or collective control of the data subjects. There are also proposals to mitigate asymmetries of information and market power. Y1 - 2021 UR - https://cepr.org/active/publications/discussion_papers/dp.php?dpno=15634 ET - Centre for Economic Policy Research DP15634 ER - TY - JOUR A1 - Snower, Dennis T1 - We must chart a new course for digital governance JF - Die Zeit Y1 - 2020 UR - https://www.global-solutions-initiative.org/press-news/we-must-chart-a-new-course-for-digital-governance/ ER - TY - JOUR A1 - Snower, Dennis T1 - Völlig falsche Richtung JF - Die Zeit Y1 - 2020 UR - https://www.zeit.de/2020/47/dennis-snower-datenschutz-digitalisierung-marktwirtschaft ER - TY - JOUR A1 - Snower, Dennis T1 - Das Digitale braucht neue Spielregeln JF - Tagesspiegel Y1 - 2020 UR - https://epaper.tagesspiegel.de//article/d56526ff484ca5aafb2e481dafe1b75f7031dde8e4da494308074d9dc8c29535 ER - TY - JOUR A1 - Snower, Dennis T1 - Wir leben in einer großen, Müll produzierenden Illusion JF - Die Zeit Y1 - 2020 UR - https://www.zeit.de/wirtschaft/2021-06/dennis-snower-wettbewerb-oekonomie-klimawandel-marktwirtschaft-materialismus?utm_referrer=https%3A%2F%2Fwww.google.com%2F ER - TY - JOUR A1 - Snower, Dennis A1 - Kelly, Colm T1 - Recoupling Shareholders, Stakeholders and Society JF - Global Solutions Journal Y1 - 2021 UR - https://www.global-solutions-initiative.org/3d-flip-book/global-solutions-journal-7-summit-2021-edition/ VL - 2021 IS - 7 SP - 12 EP - 18 ER - TY - JOUR A1 - Snower, Dennis T1 - Don’t save the economy. Change the economy JF - Politico Y1 - 2020 UR - https://www.politico.eu/article/dont-save-the-economy-change-the-economy-coronavirus-covid19/ IS - 19 ER - TY - RPRT A1 - Snower, Dennis T1 - The socioeconomics of pandemics policy N2 - In response to the COVID-19 pandemic, governments around the world have provided a massive fiscal and monetary stimulus. While this policy is welcome in the short run, it does not address the underlying problem in the medium and long run. The reason is that the pandemic has not given rise to a generalized shortfall in aggregate demand. Rather, it has generated a Great Economic Mismatch, characterized by deficient demand for things requiring close physical interactions among people and deficient supply of things compatible with social distancing, where appropriate. Expansive macroeconomic policy can stimulate aggregate demand, but when social distancing is enforced, it will not stimulate production and consumption whenever this demand is satisfied through physically interactive activities. To overcome the Great Economic Mismatch, “readaptation policies” are called for. In the medium run, these policies promote a redirection of resources to activities compatible with social distancing; in the long run, these policies make economies more resilient to unforeseen shocks that generate a Great Economic Mismatch. Once the pandemic is over, a more profound rethinking of decisionmaking—in public policy, business and civil society—is called for. First, decisionmakers will need to supplement the current focus on economic efficiency with greater emphasis on economic resilience. Second, economic policies and business strategies will need to focus less on incentives for selfish individuals and more on the mobilization of people’s prosocial motives. Finally, to encourage people around the world to cooperate globally in tackling global problems, policymakers at local, national and global levels will need to encourage people around the world to cooperate globally in tackling global problems, with the aid of two powerful tools that humans throughout history have used to coordinate their efforts: identity-shaping narratives and institutions of multi-level governance. Y1 - 2020 UR - https://www.brookings.edu/wp-content/uploads/2020/04/socioeconomics_of_pandemics_policy.pdf ET - GLOBAL ECONOMY & DEVELOPMENT WORKING PAPER 138 | April 2020 ER - TY - JOUR A1 - Snower, Dennis T1 - Awakening in the post-pandemic world JF - Future Development Blog - Brookings Institution Y1 - 2020 UR - https://www.brookings.edu/blog/future-development/2020/03/27/awakening-in-the-post-pandemic-world/ ER - TY - JOUR A1 - Snower, Dennis T1 - The real economic fallout from Covid-19 JF - Project Syndicate Y1 - 2020 UR - https://www.project-syndicate.org/commentary/covid19-great-economic-mismatch-by-dennis-j-snower-2020-04 ER - TY - JOUR A1 - Snower, Dennis T1 - Die Märkte haben versagt JF - Zeit Online Y1 - 2020 UR - https://www.zeit.de/wirtschaft/2020-06/corona-krise-readaption-policy-wirtschaftspolitik ER - TY - JOUR A1 - Snower, Dennis ED - Vox, CEPR T1 - To ease the health–wealth trade-off, reallocate digital property rights JF - VoxEU Y1 - 2020 UR - https://voxeu.org/article/ease-health-wealth-trade-reallocate-digital-property-rights VL - 2020 IS - June ER - TY - JOUR A1 - Snower, Dennis T1 - Niedrige Zinsen sind der Grundstein für die nächste Finanzkrise JF - Welt Y1 - 2020 UR - https://www.welt.de/debatte/kommentare/article205610025/Dennis-J-Snower-Naechste-Finanzkrise-droht-durch-niedrige-Zinsen.html ER -