Journal of Economic Literature· 2016Q1· Review
Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions
- 1,615citations
- Q1SCImago
- 2016year
Short summary
Economic institutions, such as markets, significantly shape human preferences, values, and psychological dispositions, influencing individual behavior and development.
AI-generated from the title and abstract; the full text is not read.
Key points
- Economic institutions actively influence the development of human preferences and psychological dispositions.
- This impact extends to shaping tastes, framing choices, and altering values.
- Evidence is drawn from experimental economics, anthropology, social psychology, sociology, and history.
AI-generated from the title and abstract; the full text is not read.
Abstract
Drawing on experimental economics, anthropology, social psychology, sociology, history, the theory of cultural evolution as well as more conventional economic sources, I review models and evidence concerning the impact of economic institutions on preferences, broadly construed. I identify a number of ways in which the form of economic organization of a society appears to influence the process of human development by shaping tastes, the framing of choice situations, psychological dispositions, values, and other determinants of individual behavior. I conclude by commenting on some implications for economic theory and policy analysis.
The authors' abstract, as published at the source. Journal of Economic Literature, 2016 · DOI ↗
Continue with a free account
Ask the paper: 3 free questions a day about this paper; save it, get its citation, new summaries every day for your field. Takeaways are Premium.
Continue free on the webSign in with Google or Apple; no card needed. You come back to this paper.
On your phone:
Field: Demography
DemographySocial Sciences