thermodynamic equation. From here, we develop an analytic thermodynamic theory of economics. Since a thermodynamic equation is of …. Most people agree that thermodynamic theory is a sounder foundation to describe living systems than Newtonian mechanics …, which is the physical foundation of general equilibrium theory. As it is often the case, an analytical framework that is …

important transfers of this kind into evolutionary economics. It broadly differentiates between approaches that draw on an … shown that an evolutionary approach within economics informed by insights from cognitive science, evolutionary biology, and …

The focus of evolutionary economics is a process of continuous economic and organizational change. Currently there is … presently predominating approach of neo-Schumpeterian evolutionary economics is presented. It has gained wide application to the … theory of innovation and later - based on Penrose - to resource-based theories of the firm. In this the dynamic process of …

In this paper, Hayek's theory of cultural evolution is compared to a simplified general macro-model of evolution based …'s theory. …

Recent debates in evolutionary economics over Universal Darwinism suffer from a biased emphasis on Neo-Darwinism. This … in evolutionary theory which challenge the gene-centered view on the replicator / interactor dichotomy. The resulting …

This article proposes to reassess Hayek's theory of cultural evolution in the light of Darwin's Descent of Man. It is … shown that Hayek and Darwin refers to the same theory of human nature which is borrowed from the founding fathers of … are then the consequence of this theory of human nature …