The Evolution of Free Enterprise Values

Free Enterprise: Values in Action Conference Series, 2005-2006

MORAL MARKETS: THE CRITICAL ROLE OF VALUES IN THE ECONOMY, Paul J. Zak, ed., Princeton University Press, 2007

34 Pages Posted: 14 Sep 2006

See all articles by Peter Richerson

Peter Richerson

University of California, Davis

Rob Boyd

University of California, Los Angeles (UCLA) - Department of Anthropology

Abstract

Free enterprise economic systems evolved in the modern period as culturally transmitted values related to honesty, hard work, and education achievement emerged. One evolutionary puzzle is why most economies for the past 5,000 years have had a limited role for free enterprise given the spectacular success of modern free economies. Another is why if humans became biologically modern 50,000 years ago did it take until 11,000 years ago for agriculture, the economic foundation of states, to begin. Why didn't free enterprise evolve long ago and far away?

Suggested Citation

Richerson, Peter and Boyd, Robert Turner, The Evolution of Free Enterprise Values. Free Enterprise: Values in Action Conference Series, 2005-2006; MORAL MARKETS: THE CRITICAL ROLE OF VALUES IN THE ECONOMY, Paul J. Zak, ed., Princeton University Press, 2007. Available at SSRN: https://ssrn.com/abstract=929169

Peter Richerson (Contact Author)

University of California, Davis ( email )

One Shields Avenue
Davis, CA 95616
United States

Robert Turner Boyd

University of California, Los Angeles (UCLA) - Department of Anthropology ( email )

Los Angeles, CA 90095-1553
United States

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