From a young age, children have a nuanced understanding of how free markets work.
A new study in
Child Development indicates that children as young as five incorporate market concerns—the idea that what you get is in line with what you give or offer—into their decision making, and increasingly do so with age.
Some people think children are innately selfish, they want to get goodies for themselves, while others insist they are more communist, each will do more to help those who can't or won't do enough. By studying how children engage in different types of exchanges, researchers hope to discern the origins of these behaviors, as well as their developmental course.