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Type | Journal Article |
Scope | Discipline-based scholarship |
Title | Introduction: tastes, castes and culture: the influence of society on preferences |
Organization Unit | |
Authors |
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Item Subtype | Original Work |
Refereed | Yes |
Status | Published in final form |
Journal Title | The Economic Journal |
Publisher | Blackwell Publishing Ltd |
Geographical Reach | international |
ISSN | 0013-0133 (P) 1468-0297 (E) |
Volume | 121 |
Number | 556 |
Page Range | 396 - 412 |
Date | 2011 |
Abstract Text | Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here, we argue that the opposition to explaining behavioural changes in terms of preference changes is ill-founded, that the psychological properties of preferences render them susceptible to direct social influences and that the impact of ‘society’ on preferences is likely to have important economic and social consequences. |
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