IDEAS home Printed from https://ideas.repec.org/a/oup/ecinqu/v34y1996i3p484-95.html
   My bibliography  Save this article

Rationality, Evolution, and Acquisitiveness

Author

Listed:
  • Demsetz, Harold

Abstract

The first part of this paper discusses Armen Alchian's classic 1950 article 'Uncertainty, Evolution, and Economic Theory' and argues against the notion that it is easy to eliminate rationality from economic behavior by appealing to evolution as a substitute. The second section discusses rationality and develops a specific meaning for this term that distinguishes it from the axioms of choice found in economic theory. In the final section, the author uses this definition and links rationality to a behavioral propensity almost unique to the human species--acquisitiveness--and concludes from this linkage that acquisitiveness can speed up the evolution of intelligence. Copyright 1996 by Oxford University Press.

Suggested Citation

  • Demsetz, Harold, 1996. "Rationality, Evolution, and Acquisitiveness," Economic Inquiry, Western Economic Association International, vol. 34(3), pages 484-495, July.
  • Handle: RePEc:oup:ecinqu:v:34:y:1996:i:3:p:484-95
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hickson, Charles, 1998. "A review of evolutionary economics," Journal of Economic Dynamics and Control, Elsevier, vol. 22(5), pages 801-810, May.
    2. Khalil, Elias L., 1998. "The five careers of the biological metaphor in economic theory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 27(1), pages 29-52.
    3. Dequech, David, 2006. "The new institutional economics and the theory of behaviour under uncertainty," Journal of Economic Behavior & Organization, Elsevier, vol. 59(1), pages 109-131, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ecinqu:v:34:y:1996:i:3:p:484-95. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/weaaaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.