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Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions

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Author Info
Samuel Bowles
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.

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Article provided by American Economic Association in its journal Journal of Economic Literature.

Volume (Year): 36 (1998)
Issue (Month): 1 (March)
Pages: 75-111
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Handle: RePEc:aea:jeclit:v:36:y:1998:i:1:p:75-111

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