Striving for Balance in Economics: Towards a Theory of the Social Determination of Behavior
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Paper prepared for the 2015 meetings of the American Economic Association, Boston, January 3. Hoff is co-director of the World Development Report 2015: Mind, Society and Behavior and a Senior Research Economist, World Bank. Stiglitz is a University Professor, Columbia University. We draw heavily upon the World Development Report 2015. We are indebted to James Walsh for excellent research assistance and to Allison Demeritt, Paul DiMaggio, and Nan Zhou for fruitful discussions and advice. Financial support from INET and the Roosevelt Institute Project on Inequality, supported by the Ford Foundation, the Bernard and Irene Schwartz Foundation, and the John D. and Catherine T. MacArthur Foundation, is gratefully acknowledged.