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The Role of Community Values in Modern Classical Liberal Economic Thought

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  • Evensky, Jerry

Abstract

Social frameworks are more than simply products of the autonomous actions of many homo economicuses pursuing their self-interest and individuals in society are more than simply the product of their social context. Individuals and society are coevolving entities. This coevolution is reflected in changing social values: communities try to inculcate extant values into individuals, individuals act on community values based on experience to the given community. This conception of being has advantages over those proposed by Gary Becker or Robert Frank, and it is equally plausible if one accepts the sociobiological premise with which Becker and Frank begin. Copyright 1992 by Scottish Economic Society.

Suggested Citation

  • Evensky, Jerry, 1992. "The Role of Community Values in Modern Classical Liberal Economic Thought," Scottish Journal of Political Economy, Scottish Economic Society, vol. 39(1), pages 21-38, February.
    • Handle: RePEc:bla:scotjp:v:39:y:1992:i:1:p:21-38
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    Cited by:

    1. Jerry Evensky, 2001. "Adam Smith's Lost Legacy," Southern Economic Journal, John Wiley & Sons, vol. 67(3), pages 497-517, January.
    2. Lynne, Gary D., 1999. "Divided self models of the socioeconomic person: the metaeconomics approach," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 28(3), pages 267-288.
    3. Stephen Graham Saunders, 2008. "Toward Bridging The Gap Between Theory And Empirical Reality," South African Journal of Economics, Economic Society of South Africa, vol. 76(4), pages 738-748, December.

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