Evolutionary psychology, economic freedom, trade and benevolence. John Levendis, Robert B. Eckhardt and Walter Block. Review of Economic Perspectives, Volume 19: Issue 2, Jun 26 2019. https://doi.org/10.2478/revecp-2019-0005
Abstract: Our thesis is that the reason many of us today are inclined toward socialism (explicit cooperation) and against laissez-faire capitalism (implicit cooperation) is because the first type of behavior was much more genetically beneficial during previous generations of our species. There is, however, a seemingly strong argument against this hypothesis: evidence from human prehistory indicates that trade (implicit cooperation) previously was widespread. How, then, can we be hard-wired in favor of socialism and against capitalism if our ancestors were engaged in market behavior in past millennia? Although trade which is self-centered and beneficial (presumably mutually beneficial to all parties in the exchange) did indeed appear hundreds of thousands of years ago, benevolence was established in our hard-wiring very substantially earlier, literally hundreds of millions of years ago, and is therefore far more deeply integrated into the hu-man psyche.
Keywords: Benevolence, capitalism, evolutionary psychology, hard-wiring, profit and loss, selfishness
JEL Classification: Z1, Z10, Z14
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