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This entry discusses the concept of "systemism", elaborates how it implicitly underpinned most seminal works of evolutionary-institutional economics, and explains how future research would benefit from making the systemist nature of evolutionary economics more explicit. More precisely, the paper...
Persistent link: https://www.econbiz.de/10014581275
This short paper discusses the concept of "systemism", elaborates how it implicitly underpinned most seminal works of evolutionary-institutional economics, and explains how future research would benefit from making the systemist nature of evolutionary economics more explicit. More precisely, the...
Persistent link: https://www.econbiz.de/10014578199
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded...
Persistent link: https://www.econbiz.de/10010390070
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded...
Persistent link: https://www.econbiz.de/10010390395
The nature of learning processes as well as evolutionary considerations suggest that aesthetic judgement is of central importance in the formation of custom. Learning and extrapolation rely on evaluations of non-instrumental features like simplicity, analogy, straightforwardness, and clarity....
Persistent link: https://www.econbiz.de/10012597793
for biological fitness. The process is predominately envisaged as a process of what I am going to term 'blind evolution …': a combination of random variation and selection. The idea of randomness is put into question. If evolution is is to be …
Persistent link: https://www.econbiz.de/10012597803
authors who jointly contributed to establish the elements of what could constitute a "science of complexity". Based on the … (homogeneous or heterogeneous) agents and the environment; ii) emergence and self-organization; iii) the importance of not …, learning and evolution. Finally, contemporary critics are presented. They suggest that the arguments of complex systems do not …
Persistent link: https://www.econbiz.de/10010462099
authors who jointly contributed to establish the elements of what could constitute a "science of complexity". Based on the … (homogeneous or heterogeneous) agents and the environment; ii) emergence and self-organization; iii) the importance of nonlinearity …, learning and evolution. Finally, contemporary criticisms are presented. They suggest that the arguments of complex systems do …
Persistent link: https://www.econbiz.de/10012057058
Persistent link: https://www.econbiz.de/10011770386
perceived complexity, and generating social institutions. Boosted by the financial crisis 2008ff., a surge to explore complexity …Complexity economics has developed into a powerful empirical, theoretical, and computational research program in the … theoretical and empirical findings are consistent with older heterodox research interests and predictions. Economic complexity is …
Persistent link: https://www.econbiz.de/10011660103