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theory of innovation and later - based on Penrose - to resource-based theories of the firm. In this the dynamic process of … theory of the firm. -- Economic evolution ; Schumpeter and Marshall ; Generalized Darwinism ; Evolutionary theory of the firm …
Persistent link: https://www.econbiz.de/10003950820
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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 …
Persistent link: https://www.econbiz.de/10012730419
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How effective institutions come about and how they change are fundamental questions for economics and social science more generally. We show that these questions were central in the deliberations of lawyers in 17th century England, a critical historical juncture that has motivated important...
Persistent link: https://www.econbiz.de/10014133038
or refer to Darwin. We focus on the attitude of economists towards Darwin's theory of social evolution - an issue he … considered as central to his theory. We show that economists refer to and mention Darwin as a biologist and neglect or ignore his … theory of social and cultural evolution. Three types of reference are identified: first, economists refer to Darwin from the …
Persistent link: https://www.econbiz.de/10014066641
There are several ways to incorporate evolutionary concepts into economic thinking. This article reviews the most important transfers of this kind into evolutionary economics. It broadly differentiates between approaches that draw on an analogy construction to the biological sphere, those that...
Persistent link: https://www.econbiz.de/10010436762
In this paper, Hayek's theory of cultural evolution is compared to a simplified general macro-model of evolution based …'s theory. …
Persistent link: https://www.econbiz.de/10009524436
As emphasised in the beginning, the considerations presented here are very preliminary by nature. Nevertheless, some of the aspects discussed seem worth summarising. First, financial markets worldwide show a tendency of asymmetric regional "clustering" with newly emerging places challenging the...
Persistent link: https://www.econbiz.de/10011416944
Growth dynamics and structural change are the two central features of variation / selection processes within populations. This paper explores them in terms of three themes, or sets of accounts, namely Logistic Growth Accounting, Competition Accounting and the Price Theorem. The accounting...
Persistent link: https://www.econbiz.de/10011503520