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Economics Dictionary of Arguments

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Preferences: Preferences are our relative likings for different things. They are shaped by our individual experiences, values, and goals. See also Actions, Action theory, Goals, Purposes, Experience, Values, Rationality.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Neoclassical Economics on Preferences - Dictionary of Arguments

Mause I 474
Preferences/Neoclassical Theory: Neoclassical economic models assume that preferences are exogenous, i.e. "given".
VsNeoclassicism: As we know, however, they can be changed or even created by marketing and other influences. Moreover, norms, habits and simply irrational behaviour can take the place of clear preferences (Jäckel 2011). (1)
Neoclassical theory: assumes "consumer sovereignty". In practice, however, this fails due to a lack of decision-making ability and rationality.

1. Jäckel, Michael, Einführung in die Konsumsoziologie. Fragestellungen – Kontroversen – Beispieltexte. Wiesbaden 2011


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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Neoclassical Economics
Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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