Whichever Way We Label the Economy, It May Just Be the Story Economy

Comments (0)

New York Times columnist David Brooks (with whom I don’t always agree but find to be brilliant) wrote last week about the “Experience Economy.”

TheStoryEconomy.jpg Countering assertions in Tyler Cowen’s e-book, The Great Stagnation, that our economy has hit a technological plateau, Brooks says Cowen’s “evidence can also be used to tell a related story.” Brooks then spins two fictional tales, one illustrating a materialist economy that ended in about 1974, and the other, a post-materialist economy that began shortly after the former ended and continues today.

Brooks’s protagonist for the latter economy, Jared, “has some rich and meaningful experiences, [which] has also led to problems. Every few months, new gizmos come out. Jared feels his life is getting better. Because he doesn’t fully grasp the increasingly important distinction between wealth and standard of living, he has the impression that he is also getting richer. As a result, he lives beyond his means.” Jared has other problems, as does the economy his lifestyle generates, but they’re not relevant to my point.

Brooks never explicitly labels this search-for-meaning economy the Experience Economy, except in the column’s headline. The Experience Economy is not a good thing, according to Brooks, because “many of this era’s technological breakthroughs produce enormous happiness gains, but surprisingly little additional economic activity.”

I am not about to debate the merits of the previous wealth-producing economy versus what Brooks characterizes as an Experience Economy driven by people’s search for meaning. But I can’t help noticing that the Experience Economy is story-driven. To me, “experience” is virtually synonymous with “story.” People like Jared — and they are probably legion — would rather look back at the end of their lives satisfied that they had lived a meaningful story than that they had made piles of money.

I also recently came across the term “Reputation Economy.” I’m not sure who coined this term or when it came into use (2002 is the earliest reference I saw), but Consumer Reports defined it as “the way in which a product’s or a person’s … standing is shaped by the contributions of end users …” The 2002 piece, by Ryo Chijiiwa, describes this economy as “a system in which reputation and recognition, not wealth, is the measurement of value.”

What is a person’s or brand’s reputation if not its story? And the beholder’s interpretation of that story?

Increasingly, we both seek to live a more meaningful story and present our story to the world in a way that gains us, at the very least, acceptance, and perhaps ideally, demand for what we have to offer. A Story Economy?

Leave a comment

About
A Storied Career

A Storied Career explores intersections/synthesis among various forms of
Applied Storytelling:
  • journaling
  • blogging
  • organizational storytelling
  • storytelling for identity construction
  • storytelling in social media
  • storytelling for job search and career advancement.
  • ... and more.
A Storied Career's scope is intended to appeal to folks fascinated by all sorts of traditional and postmodern uses of storytelling. Read more ...
Subscribe to A Storied Career in a Reader
Email Icon Subscribe to A Storied Career by Email

About
Dr. Kathy Hansen

Kathy Hansen, PhD, is a leading proponent of deploying storytelling for career advancement. She is an author and instructor, in addition to being a career guru. More...

emailicon.jpeg

Email me


EBooks
Free: Storied Careers: 40+ Story Practitioners Talk about Applied Storytelling.
$2.99: Tell Me MORE About Yourself: A Workbook to Develop Better Job-Search Communication through Storytelling. Also $2.99 for Kindle edition




newaboutme


The New About Me: The Ultimate Course on Reinventing Your Bio Into A Story: A program for people in the business of relationships, who need a better bio for today's hyper-connected world.



Storytelling
Tweets in the
Twitterverse

 


 

Pages

The following are sections of A Storied Career where I maintain regularly updated running lists of various items of interest to followers of storytelling:

TwitterStoryFollowList.jpg
story_events_small.jpg
story_wisdom_small.jpg
story_writings_smaller.jpg
storytellers_small.jpg
story_practitioners_small.jpg

Links below are to Q&A interviews with story practitioners.


The pages below relate to learning from my PhD program focusing on a specific storytelling seminar in 2005. These are not updated but still may be of interest:

May 2012

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    

Shameless Plugs and Self-Promotion

Katharine Hansen
My Teaching Portfolio

KatharineHansenPhD.com

My PhD Page

 

twit8.png
Personal Twitter Account My personal Twitter account: @kat_hansen
Tweets below are from my personal account.
« »

AStoriedCareer Twitter account My storytelling Twitter account: @AStoriedCareer

KatCareerGal Twitter account My careers Twitter account: @KatCareerGal

 

Follow Me on Pinterest

 

View my page on
Worldwide Story Work

 

Kathy Hansen's Facebook profile

 

 

BlogNotionBadge

 

resume-writing service

 

Quintessential Careers

 

QuintZine

 

My Books

 

Cool Folks
to Work With

Find Your Way Coaching

 

 

career advice blogs member

 

Blogcritics: news and reviews

 

Geeky Speaky: Submit Your Site!

 


Storytelling Books