University of Hertfordshire

From the same journal

Choice, habit and evolution

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Documents

  • G.M. Hodgson
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Original languageEnglish
Pages (from-to)1-18
Number of pages18
JournalJournal of Evolutionary Economics
Volume20
Issue1
DOIs
Publication statusPublished - 2010

Abstract

Several leading mainstream economists including Gary Becker have treated habit as serially correlated behaviour resulting from deliberate choices. This approach puts choice before habit but involves assumptions of extensive memory and decision-making capacity. By contrast, earlier authors such as William James, John Dewey and Thorstein Veblen saw deliberation and choice as a contingent outcome of habits, where the latter are defined in terms of acquired dispositions rather than overt behaviour. The approach of this second group is more consistent with an evolutionary perspective and the limited computational capacities of the human brain. © Springer-Verlag 2009.

Notes

The original publication is available at www.springerlink.com Copyright Springer

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