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One of the most controversial aspects of Hayek's social theory was his acceptance of the concept of cultural group … empirical, not an a priori, question. So long as there are benefits to a group from greater levels of altruism and cooperation …
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Our thesis is that the reason many of us today are inclined toward socialism (explicit cooperation) and against laissez-faire capitalism (implicit cooperation) is because the first type of behavior was much more genetically beneficial during previous generations of our species. There is,...
Persistent link: https://www.econbiz.de/10012026892
There are several ways to incorporate evolutionary concepts into economic thinking. This article reviews the most important transfers of this kind into evolutionary economics. It broadly differentiates between approaches that draw on an analogy construction to the biological sphere, those that...
Persistent link: https://www.econbiz.de/10010436762
consistent with the Beckerian view of egoist motivations for altruism …
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that neo-classical economic accounts have failed to address due to fundamental premises of current economic theory …
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This chapter makes three fundamental points about law and economics. First, although some people feel strong, negative emotional reactions to utilizing microeconomics to analyze non-business areas of law, others feel no such emotional reactions. This chapter advances the hypothesis that people...
Persistent link: https://www.econbiz.de/10014218382
One approach to analyzing inequality is to compare average economic choices from a classical theoretical framework. Another approach considers the impact of the formation of society, through statutes and institutions, on average economic outcomes. This paper studies the effects of slavery on...
Persistent link: https://www.econbiz.de/10013038303
This paper adopts a social institutional approach to account for the societal-level mechanisms underlying the interaction between social norms and the law. Drawing on institutional economics and social psychology, this paper outlines a model in which norms form interdependent systems. In this...
Persistent link: https://www.econbiz.de/10014065319