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• W1520920237 abstract "George Stigler and Gary Becker have attempted to eliminate the concepts of changing preferences and varying preferences across individuals from economic theory. By postulating a household production function (HPF), Stigler and Becker reinterpret changing tastes as changes in the constraints used to produce utility from commodities. The postulated changes in the HPF, however, are no less arbitrary than assertions of changing or different preferences and add no explanatory power. Furthermore, problems of addiction, taste change, and weakness of will do not Fit the constant tastes praradigm very well. The Stigler-Becker approach also involves infinite regress problems. A change in the demand for X can be interpreted as an increase in X's ability to produce Z, where Z is the true object of desire. But how are we to explain a change in the demand for Z?" @default.
• W1520920237 created "2016-06-24" @default.
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• W1520920237 date "1989-01-01" @default.
• W1520920237 modified "2023-09-25" @default.
• W1520920237 title "Are all tastes constant and identical?" @default.
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• W1520920237 doi "https://doi.org/10.1016/0167-2681(89)90067-x" @default.
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