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Evolutionary model of folk economics: That which is seen, and that which is not seen?
1Department of Business Administration,University of New York in Prague,CZ-120 00 Prague 2,Czech Republic.stastnyd2@gmail.comhttps://sites.google.com/site/stastnyd2/.
Abstract:
Although Boyer & Petersen (B&P) make the case for evolutionary roots of folk economics stronger, their evolutionary model ultimately does not deliver folk-economic explanations that are both novel and correct. We argue that (a) most current explanations are evolutionary already; (b) B&P's model is as ad hoc as other theories, and proves too much; and (c) it overrates evolution at the cost of discounting other crucial factors.
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