Amartya Sen has advanced a number of distinct arguments against utilitarianism and ‘utility’-based views more generally. One of these invokes various ways in which underdogs can ‘adapt’ and learn to live with their situations. Sen’s argument is related to Jon Elster’s discussion of...

The paper investigates the interplay between the institutions of law and property and innate propensities towards possession. The questions to be answered are: How do property relations emerge in historical-anthropological terms in contrast to the well-known constitutional perspective and what...

How can economic theory explain the reasons why consumers adopt innovations? Using the example of innovations in washing machines two approaches are compared. The first focuses in the manner of household production theory on changes in constraints without specifying preferences, leading to the...

Strong growth in disposable income has inflated consumption to unprecedented, but not sustainable levels. In this process consumer behavior has been changing. To explain the driving forces of this development, the paper introduces a theory of evolving consumer preferences that is molded in an...

An evolutionary perspective on economic behavior has to account for the influences that the human genetic endowment has on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is presumably adapted to the living conditions of early humans....