The Economy of Esteem is a book by Geoffrey Brennan and Philip Pettit describing the role of self-esteem and honour in the economy. It was published in 2004 by Oxford University Press.
According to WorldCat, the book is held in 466 libraries.WorldCat item record It has been reviewed by in Politics, Philosophy & Economics,Tyler Cowen Politics, Philosophy & Economics, 4, no. 3 (2005): 374-382 by Bo Rothstein in Perspectives in Politics Bo Rothstein, Perspectives on Politics, 4, no. 4 (2006): 746-747 in Politische Vierteljahresschrift,Claudia Landwehr Politische Vierteljahresschrift, 46, no. 2 (2005): 343-344 in Ethics,Zev M Trachtenberg, Ethics. 115, no. 4, (2005): 809 in Journal of Economics,Benedetto Gui Journal of Economics - Zeitschrift für Nationalökonomie, v86 n2 (20051115): 183-191 in Economics and Philosophy,Diego Rios, Economics and Philosophy, v22 n02 (20060711) in Journal of European Social Policy,S Rottiers, Journal of European Social Policy, v17 n3 (20070801): 287-288 v17 n3 (20070801): 287-288 and in L'Année sociologiqueFrédéric Minner, L'Année sociologique (1940/1948-) v58 n2 (2008): 491-495
According to Brennan, others who have historically paid attention to the role of esteem in motivation range "from Cicero and Polybius through Thomas Aquinas to Hobbes, Locke, Montesquieu, Hume, the American Founding Fathers, Kant, and notably Adam Smith", although Brennan argues that modern 'invisible hand' economics neglects the importance of esteem. Esteem is unique among currencies because it cannot be traded ("esteem is necessarily produced under conditions of autarky") and is subject to the paradox of hedonism."The Esteem Engine: a Resource For Institutional Design." by Geoffrey Brennan "Academy of the Social Sciences in Australia Occasional Paper 2005/1 link
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