Published online by Cambridge University Press: 30 August 2018
Specific features of our evolved cognitive architecture explain why some aspects of the economy are “seen” and others are “not seen.” Drawing from the commentaries of economists, psychologists, and other social scientists on our original proposal, we propose a more precise model of the acquisition and spread of folk-beliefs about the economy. In particular, we try to provide a clearer delimitation of the field of folk-economic beliefs (sect. R2) and to dispel possible misunderstandings of the role of variation in evolutionary psychology (sect. R3). We also comment on the difficulty of explaining folk-economic beliefs in terms of domain-general processes or biases (sect. R4), as developmental studies show how encounters with specific environments calibrate domain-specific systems (sect. R5). We offer a more detailed description of the connections between economic beliefs and political psychology (sect. R6) and of the probable causes of individual variation in that domain (sect. R7). Taken together, these arguments point to a better integration or consilience between economics and human evolution (sect. R8).
Target article
Folk-economic beliefs: An evolutionary cognitive model
Related commentaries (32)
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A theory of how evolved psychology underpins attitudes towards societal economics must go beyond exchanges and averages
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Coalitional rivalry may hurt in economic exchanges such as trade but help in war
Developmental and cultural factors in economic beliefs
Do the folk actually hold folk-economic beliefs?
Does evolutionary cognitive psychology crowd out the better angels of our nature?
Economic complexities and cognitive hurdles: Accounting for specific economic misconceptions without an ultimate cause
Elaborating the role of reflection and individual differences in the study of folk-economic beliefs
Evolutionary model of folk economics: That which is seen, and that which is not seen?
Fairness, more than any other cognitive mechanism, is what explains the content of folk-economic beliefs
Fear of economic policies may be domain-specific, and social emotions can explain why
Folk-economic beliefs as moral intuitions
Folk-economic beliefs as “evidential fiction”: Putting the economic public discourse back on track
Folk-economics: Inherited biases or misapplication of everyday experience?
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Not all folk-economic beliefs are best understood through our ancestral past
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People are intuitive economists under the right conditions
Social transmission bias and the cultural evolution of folk-economic beliefs
Spoiled for choice: Identifying the building blocks of folk-economic beliefs
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The mind of the market: Lay beliefs about the economy as a willful, goal-oriented agent
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Why do people believe in a zero-sum economy?
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Author response
What is seen and what is not seen in the economy: An effect of our evolved psychology