Animals are economic actors. as to: "For example, at what age are children able to understand the concept of interest?"- any baby knows that something is better now then tommorrow. "At what age do children understand that exchange can make you better off?"- if you read the popular media, it seems they never do.
Jason ---------Included Message---------- >Date: Sat, 11 Jan 2003 09:45:59 -0600 (CST) >From: "fabio guillermo rojas" <[EMAIL PROTECTED]> >Reply-To: <[EMAIL PROTECTED]> >To: <[EMAIL PROTECTED]> >Subject: Re: Babynomics > > >> > Question: At what can humans engage in economic behavior? Are there >> > studies showing when children learn to trade ? >> > Fabio >> >> Humans start to engage in economic behavior as soon as they are born. >> Trade is not a necessary characteristic of economic behavior. The issue is >> rather whether infants are consciously choosing their actions. It seems to >> me that the genetic basis for behavior is the same in an infant as in an >> adult. >> Fred Foldvary > >I think this is a vacuous answer. By that logic, animals are economic >actors - animals seem to choose their actions. > >Perhaps, then, my original question was vague. The question I have is: >when do humans start to engage in *sophisticated* economic behaviors not >found in animals? For example, at what age are children able to understand >the concept of interest? At what age do children understand that exchange >can make you better off? > >Fabio > > > ---------End of Included Message----------
