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Evolutionary model of folk economics: That which is seen, and that which is not seen?

  • Dan Stastny (a1) (a2) and Petr Houdek (a2) (a3) (a4)
Abstract

Although Boyer & Petersen (B&P) make the case for evolutionary roots of folk economics stronger, their evolutionary model ultimately does not deliver folk-economic explanations that are both novel and correct. We argue that (a) most current explanations are evolutionary already; (b) B&P's model is as ad hoc as other theories, and proves too much; and (c) it overrates evolution at the cost of discounting other crucial factors.

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Behavioral and Brain Sciences
  • ISSN: 0140-525X
  • EISSN: 1469-1825
  • URL: /core/journals/behavioral-and-brain-sciences
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