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This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
Behind my reciprocation of a friend's gift may lie both instrumental reasons (I expect further future gifts) and communicative reasons (I want to establish or confirm a friendship per se ). In a theory of rational individual action, such communicative reasons can be incorporated as an argument...
Persistent link: https://www.econbiz.de/10014023674
This paper addresses the question of whether our evolutionary history suggests that humans are likely to be individually selected selfish maximizers or group selected altruists. It surveys models from the literature of evolutionary biology in which groups are formed and dissolved and where the...
Persistent link: https://www.econbiz.de/10014023672
Reciprocity is one of the main basic social relations that constitute societies. It consists of being favourable to others because others are favourable to you (and not from an exchange in the strict sense). It rests on three possible rationales: (1) balance (comparison, matching), often related...
Persistent link: https://www.econbiz.de/10014023677