From Carl Menger’s Theory of Goodsto an Evolutionary Approach toConsumer Behaviour

A characteristic feature of economic development is the ever changing structure ofconsumption patterns. Reducing the explanation of this phenomenon to changingprices, finally caused by changes in the availability of goods (or characteristics),would neglect a major force driving this change, i.e. the variation of consumer wantsand consumer knowledge. The present paper aims at sketching an evolutionaryframework for the analysis of consumer behaviour that takes account of thesefeatures...