Economics and fiction often pursue parallel objectives. Economists analyze human decisions and interactions in markets and other institutions. Fiction writers also provide keen insights into individual minds and motives, examining how their characters respond to conflict and tensions in varied situations. This book explores the insights to be gained from developing this parallel.
In each chapter, economists discuss classic or contemporary literary creations, exploring economic incentives that motivate the characters, the economic mechanisms that tie them together, and/or the economic context in which they live and develop. Exploring the synergy across economics and literature offers new understandings of themes, including capitalism and colonialism, marriage and markets, gender norms, inheritance and estates, and the political economy of poverty. The broad and deep range of literary works includes writers from Shakespeare and Goethe, through Chekov and Steinbeck, to recent Nobelists Abdulrazak Gurnah and Han Kang. By offering new understandings of both economics and literature, readers will gain deeper insights into peoples thought processes, choices, and consequences.
This book will captivate readers in economics, social sciences, and the humanities and open their minds to the viewing of economic ideas and concepts through the prism of great works of literature.
Editors Introduction
Part I: Development and structural transformation of society and economy
1 A Bengali Novel on Economic Transition in History
Pranab Bardhan
2 Tradition and Modernity in sub-Saharan Africa: Insights from Achebes Things Fall Apart
Ernest Aryeetey and Jean-Philippe Platteau
3 The Art of Conquering Without Being Right: Agency, Education, and Learning by Doing in Cheikh Hamidou Kanes Ambiguous Adventure
Paul-Aarons Ngomo, Shourya Sen, and Leonard Wantchekon
4 On Capitalism and Colonialism: The Economic Imperatives Underlying Amitav Ghoshs Sea of Poppies
Mukesh Eswaran
5 The Lone Scream in the Dark: Cultural Change and Institutional Transformation in Modern China as seen through Lu Xuns Novel
Debin Ma
6 Zola's "Ladies Paradise" and the "Creative Destruction"
François Bourguignon
7 Women in a nervous breakdown: Intra-household bargaining and gender norms in South Korea
Bishnupriya Gupta
Part II: Market operation and dysfunction
8 Only the Housing Problem Has Corrupted Them
Sergei Guriev
9 Can Machines Replace Us?
Dilip Mookherjee
10 Contract-enforcement institutions in Gurnah's By the Sea
Mustapha Kamel Nabli
11 Marriage and Markets: Lessons from Pride and Prejudice
Carmen Matutes
Part III: Limits of the Homo Economicus model
12 The Esterházy Myth: How Economics and Literature Correct Mistakes
Piroska Nagy-Mohacsi
13 Chekhov: The Nostalgia for Missed Opportunities
Jean-Philippe Platteau
14 The Financial Expert of Malgudi
Avinash Dixit
15 Estates, Inheritance and Gifts: Looking a Gift Horse in the Mouth
Luiz De Mello
16 The Inheritance Mess: Père Goriot and King Lear Offer Us a Mirror
Marianne David and Pierre Pestieau
17 The Master, the Helicopter, and Margarita
Luc Leruth and Danielle Meuwly
18 Money in the Faustian pact
Alfred Steinherr
Part IV: Rent-seeking, corruption and bad political governance
19 How Steinbeck Speaks to Institutions in Economics
Stuti Khemani
20 The Economics of Innocence: Imbolo Mbues 'How Beautiful We Were'
Celestin Monga
21 Frank Herberts Dune
Mark Koyama