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dc.contributor.authorHerrmann-Pillath, Carstenen_US
dc.description.abstractBuilding on Lea and Webley’s drug theory of money, the paper connects different theoretical resources to develop a Darwinian theory of money. The central empirical observation is the neuroeconomic result of the independent role of money as a reinforcer, which matches with a series of other insights into strong emotional impact of money use. Lea and Webley proposed that money piggybacks on a generalized instinct for social exchange. I put this into the more universal framework of the Darwinian concept of signal selection and Aunger’s theory of neuromemes. This can be related to Searle’s theory of institutions, especially with regard to his notion of neurophysiological dispositions as a basis for rule-following. Thus, neuroeconomics and institutional theory can be put into one coherent framework of Generalized Darwinism, taking money and its emergence as a case study.en_US
dc.publisherFrankfurt School of Finance & Management Frankfurt, M.en_US
dc.relation.ispartofseriesWorking paper series // Frankfurt School of Finance & Management 128en_US
dc.subject.keywordMoney emotionsen_US
dc.subject.keywordSearle's theory of institutionsen_US
dc.subject.keywordconceptual blendingen_US
dc.subject.keywordemergence of moneyen_US
dc.subject.keywordneuronal Darwinismen_US
dc.titleOutline of a Darwinian theory of moneyen_US
dc.typeWorking Paperen_US
Appears in Collections:Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management

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