Metaphors Economists Live By

Economists are fond of using metaphors to explain economic phenomena. For example, mainstream economists use the metaphor of markets, while Marxist economists use the metaphor of class struggle. Metaphors rely on substitution to create an economic model. Economists also use stories, or the associati...

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Bibliographic Details
Published in:	Social research Vol. 62; no. 2; pp. 215 - 237
Main Author:	MCCLOSKEY, DONALD N.
Format:	Journal Article
Language:	English
Published:	Camden, N. J Graduate Faculty of Political and Social Science, New School for Social Research 01-07-1995 New School for Social Research New School for Social Research, Graduate Faculty of Political and Social Science Johns Hopkins University Press
Subjects:	Analysis Classical economics Economic models Economic Theory Economics Economists Gold points Lakoff, George Markets Marxian economics Mathematics Metaphor Metaphors Neoclassical economics Peasant economy Persuasion Physicists Poetry Political economy Science Smith, Adam (1723-1790) Social research Social Science (metaphor) Speaking Terminology Verbal communication New York Chicago Illinois United States > US Indianapolis Indiana
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Summary:	Economists are fond of using metaphors to explain economic phenomena. For example, mainstream economists use the metaphor of markets, while Marxist economists use the metaphor of class struggle. Metaphors rely on substitution to create an economic model. Economists also use stories, or the association of data over time, to build economic histories. Metaphors combined with stories yield allegories, such as Marxist or mainstream economic philosophies.
Bibliography:	ObjectType-Article-1 SourceType-Scholarly Journals-1 ObjectType-Feature-2 content type line 23
ISSN:	0037-783X 1944-768X