Manias and Mimesis: Applying René Girard’s Mimetic Theory to Financial Bubbles

We began with the idea that underpins all of Girard’s theories––imitation. Conflict between people, he believes, is rooted in our propensity for imitation or in what he calls “mimetic desire”—an idea that began to take shape for him through his study of the great European novelists.

Girard's point o departure is what he calles "mimesis," the conflict that arises when human rivals compete to differentiate themselves from each other, yet succeed only in becoming more and more alike. At certain points in the life of a society, according to Girard, this mimetic conflict erupts into a crisis in which all difference dissolves in ind... See more

Burgis breaks down the theories behind mimetic desire and the teachings of René Girard, why all of our behaviors are imitative, why we desire things we don’t need, and why this all leads to missing out on aspects of life that are far more meaningful and valuable.

 Peter Thiel discusses his encounter with the mimetic theory of René Girard and its applications in his life, business, and thinking.

Mimetic desire causes people to invest en masse into things that they have little knowledge of beyond who else is a part of the movement.

“Girard discovered that most of what we desire is mimetic (mi-met-ik) or imitative, not intrinsic. Humans learn—through imitation—to want the same things other people want, just as they learn how to speak the same language and play by the same cultural rules. Imitation plays a far more pervasive role in our society than anyone had ever openly ackno... See more