Overview
Merton (1948) built on the Thomas theorem (“situations defined as real are real in their consequences”). His example: a rumour of insolvency triggers a bank run that ruins a sound bank. Related: Pygmalion effect, labelling theory.
Frequently asked questions
- Can it be positive?
- Yes.
References
- Merton, R. K. (1948). The self-fulfilling prophecy. The Antioch Review, 8(2), 193–210.
- Thomas, W. I., & Thomas, D. S. (1928). The Child in America. Knopf.
- Rosenthal, R., & Jacobson, L. (1968). Pygmalion in the Classroom. Holt, Rinehart and Winston.
