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Unpreferred Preferences: Unavoidable or a Failure of the Market?

Author

Listed:
  • David George

    (Economics Department, LaSalle University)

Abstract

Previous articles have sought to demonstrate that markets fail in the shaping of preferences. With no recognized property rights in an agent’s preferences, they are too seldom changed for the better (as judged by the agent) and too often changed for the worse. This paper addresses the question of whether this market shortcoming has been worsening as markets have gained in influence. Two historical trends -- the reliance on market performance as the main criterion of success and the replacement of production for self with production for markets -- are studied in the context of demonstrating that the problem of unpreferred preferences has been growing.

Suggested Citation

  • David George, 2001. "Unpreferred Preferences: Unavoidable or a Failure of the Market?," Eastern Economic Journal, Eastern Economic Association, vol. 27(4), pages 463-479, Fall.
    • Handle: RePEc:eej:eeconj:v:27:y:2001:i:4:p:463-479
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/eeconj/Volume27/V27N4P463_479.pdf
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    Citations

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    Cited by:

    1. Françoise Benhamou & Nathalie Moureau, 2007. "L'économiste et la question du goût. Intégration ou dénégation d'un concept ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00195113, HAL.
    2. Jason L. Saving, 2006. "Consumer Sovereignty in the Modern Global Era," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 22(Fall 2006), pages 107-119.
    3. Clément, Valérie & Moureau, Nathalie & Vidal, Marion, 2009. "À la recherche des biens sous tutelle," L'Actualité Economique, Société Canadienne de Science Economique, vol. 85(4), pages 383-401, décembre.

    More about this item

    Keywords

    Preference;

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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