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Mindsets, mind sets and mind sense

Bibliographic Data

ID15245482
AuthorsChristopher Noble (0000-0001-6459-7246, University of Southern Queensland, corresponding author)
Year2015
Volume33
Issue4
Publication date2015-01-01
Open AccessYes
TypeARTICLE
VenuePrometheus (JOURNAL)
Journal identifiersISSN: 0810-9028 • E-ISSN: 1470-1030
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/08109028.2016.1199379
OpenAlexW2462801672
LanguageEN
References cited31

This paper theorises that a person’s mindset is a commonplace trait that has an impact in economic systems. A mindset contrasts with other theoretics which use choice and information sets to limit the economic actor’s decision-making by focusing on the description of a person’s knowledge rather than on available options. The persistent way a person thinks about the world influences their treatment of information and further development of knowledge. The mindset concept accommodates the complexity of individuals and their idiosyncrasies, whereas a standard economic approach simplifies these characteristics. In this paper, Lamberton’s discussion of mindsets is extended from information sharing, cultural embeddedness and lock-in to the necessity of a mindset held by each person, change in a person’s knowledge and the impact on groups of people. Instead of being a statement about the limited capacity of a person to think, a mindset is a consequence of history and the build-up of knowledge through disjointed experiences. It is argued that a mindset does not necessarily restrict a person to set economic activity, but instead preserves wider economic structures. Through some examples of mindsets, such as the entrepreneurial mindset, this discussion moves away from the acquire-then-use understanding of how people use information towards an economic person with a mind sense constructed through situated learning

Embeddedness · Epistemology · Knowledge management · Mindset · Political science · Public relations · Set (abstract data type · Situated · Social science · Sociology · Computer Science · Economic theories and models · Economic Theory and Institutions · Experimental Behavioral Economics Studies · Psychology · Social Psychology · Artificial Intelligence

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Highly citedNo

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