Somewhat surprisingly, evolutionary economists are far from agreeing upon the economic concept of evolution. The debate revolves around the question whether the mechanisms of variation, selection and retention are general principles of evolutionary processes, also valid in economics, or if...

The paper describes the application of Genetic Algorithms to a Resource Economics problem; the decision about the intensity of exploitation of a renewable resource. Genetic Algorithms, developed by HOLLAND (1975), are a model of biological evolution, that captures some important features of...