This paper revisits the welfare economics of fashion from the standpoint of evolutionary economics. Whilst accepting that fashion-focused consumption may have an element of status-seeking behaviour about it, which may be of questionable value in welfare terms, the paper emphasizes that fashion...

This paper explores the interconnections between two of Herbert Simon's key concepts, bounded rationality and decomposability, and show how this unity provides the starting point for merging cognitively focused approaches to behavioral economics with evolutionary/institutional economics into a...

This paper examines the research area identified by Frey and Gallus (Aggregate Effects of Behavioral Anomalies: A New Research Area, 2014) and the relationship between it and the choices that economists make. It supports the Frey and Gallus view that, as a consequence of individuals employing...