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Is novelty always a good thing? Towards an evolutionary welfare economics

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  • Christian Schubert

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    Bibliographic Info

    Article provided by Springer in its journal Journal of Evolutionary Economics.

    Volume (Year): 22 (2012)
    Issue (Month): 3 (July)
    Pages: 585-619

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    Handle: RePEc:spr:joevec:v:22:y:2012:i:3:p:585-619

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    Related research

    Keywords: Novelty; Endogenous change; Preference formation; Welfare; Justice; B52; D83; O30;

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    1. Koszegi, Botond & Rabin, Matthew, 2008. "Choices, situations, and happiness," Journal of Public Economics, Elsevier, vol. 92(8-9), pages 1821-1832, August.
    2. Jeroen C.J.M. van den Bergh & Giorgos Kallis, 2009. "Evolutionary Policy," Papers on Economics and Evolution 2009-02, Philipps University Marburg, Department of Geography.
    3. Christian Cordes, 2008. "A potential limit on competition," Journal of Bioeconomics, Springer, vol. 10(2), pages 127-144, August.
    4. Metcalfe, J S, 2001. "Institutions and Progress," Industrial and Corporate Change, Oxford University Press, vol. 10(3), pages 561-86, September.
    5. Esben Sloth Andersen, 2004. "Population Thinking and Evolutionary Economic Analysis: Exploring Marshall's Fable of the Trees," DRUID Working Papers 04-05, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    6. Erik Stam, 2008. "Entrepreneurship and Innovation Policy," Papers in Evolutionary Economic Geography (PEEG) 0807, Utrecht University, Section of Economic Geography, revised Apr 2008.
    7. Dosi, G. & Marengo, L. & Pasquali, C., 2006. "How much should society fuel the greed of innovators?: On the relations between appropriability, opportunities and rates of innovation," Research Policy, Elsevier, vol. 35(8), pages 1110-1121, October.
    8. Luigino Bruni & Robert Sugden, 2007. "The road not taken: how psychology was removed from economics, and how it might be brought back," Economic Journal, Royal Economic Society, vol. 117(516), pages 146-173, 01.
    9. John M. Gowdy, 2004. "The Revolution in Welfare Economics and Its Implications for Environmental Valuation and Policy," Land Economics, University of Wisconsin Press, vol. 80(2), pages 239-257.
    10. Christian Schubert, 2009. "Welfare Creation and Destruction in a Schumpeterian World," Papers on Economics and Evolution 2009-14, Philipps University Marburg, Department of Geography.
    11. Richard R. Nelson, 1981. "Assessing Private Enterprise: An Exegesis of Tangled Doctrine," Bell Journal of Economics, The RAND Corporation, vol. 12(1), pages 93-111, Spring.
    12. Gerhard Wegner, 1997. "Economic Policy From an Evolutionary Perspective: A New Approach," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 153(3), pages 485-, September.
    13. Frank, Robert H., 2008. "Should public policy respond to positional externalities?," Journal of Public Economics, Elsevier, vol. 92(8-9), pages 1777-1786, August.
    14. Jason Potts, 2001. "Knowledge and markets," Journal of Evolutionary Economics, Springer, vol. 11(4), pages 413-431.
    15. Dan Ariely & George Loewenstein & Drazen Prelec, 2005. "Tom Sawyer and the construction of value," Working Papers 05-10, Federal Reserve Bank of Boston.
    16. Kahneman, Daniel & Wakker, Peter P & Sarin, Rakesh, 1997. "Back to Bentham? Explorations of Experienced Utility," The Quarterly Journal of Economics, MIT Press, vol. 112(2), pages 375-405, May.
    17. Robert Sugden, 2008. "Why incoherent preferences do not justify paternalism," Constitutional Political Economy, Springer, vol. 19(3), pages 226-248, September.
    18. Schubert, Christian & Cordes, Christian, 2013. "Role models that make you unhappy: light paternalism, social learning, and welfare," Journal of Institutional Economics, Cambridge University Press, vol. 9(02), pages 131-159, June.
    19. Ulrich Witt, 2003. "Economic policy making in evolutionary perspective," Journal of Evolutionary Economics, Springer, vol. 13(2), pages 77-94, 04.
    20. Ulrich Witt & Christian Schubert, 2010. "Extending the Informational Basis of Welfare Economics: The Case of Preference Dynamics," Papers on Economics and Evolution 2010-05, Philipps University Marburg, Department of Geography.
    21. Baumol, William J, 1990. "Entrepreneurship: Productive, Unproductive, and Destructive," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 893-921, October.
    22. Broome, John, 1978. "Choice and Value in Economics," Oxford Economic Papers, Oxford University Press, vol. 30(3), pages 313-33, November.
    23. Daniel Kahneman & Robert Sugden, 2005. "Experienced Utility as a Standard of Policy Evaluation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 32(1), pages 161-181, 09.
    24. Peter E. Earl & Jason Potts, 2004. "The market for preferences," Cambridge Journal of Economics, Oxford University Press, vol. 28(4), pages 619-633, July.
    25. Cantner, Uwe & Pyka, Andreas, 2001. "Classifying technology policy from an evolutionary perspective," Research Policy, Elsevier, vol. 30(5), pages 759-775, May.
    26. Ulrich Witt, 2008. "What is specific about evolutionary economics?," Journal of Evolutionary Economics, Springer, vol. 18(5), pages 547-575, October.
    27. Paul Anand & Alastair Gray, 2009. "Obesity as Market Failure: Could a 'Deliberative Economy' Overcome the Problems of Paternalism?," Kyklos, Wiley Blackwell, vol. 62(2), pages 182-190, 04.
    28. Richard R. Nelson, 1995. "Recent Evolutionary Theorizing about Economic Change," Journal of Economic Literature, American Economic Association, vol. 33(1), pages 48-90, March.
    29. Bianchi, Marina, 2002. "Novelty, preferences, and fashion: when goods are unsettling," Journal of Economic Behavior & Organization, Elsevier, vol. 47(1), pages 1-18, January.
    30. Mozaffar Qizilbash, 2007. "The Adaptation Problem, Evolution and Normative Economics," Papers on Economics and Evolution 2007-08, Philipps University Marburg, Department of Geography.
    31. Kerstenetzky, Celia Lessa, 2007. "Hayek and Popper on ignorance and intervention," Journal of Institutional Economics, Cambridge University Press, vol. 3(01), pages 33-53, April.
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    Cited by:
    1. Jeroen Bergh & Giorgos Kallis, 2013. "A survey of evolutionary policy: normative and positive dimensions," Journal of Bioeconomics, Springer, vol. 15(3), pages 281-303, October.
    2. Christian Schubert, 2014. "“Generalized Darwinism” and the quest for an evolutionary theory of policy-making," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 479-513, July.

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