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An evolutionary perspective on economic behavior has to account for the influences that the human genetic endowment has on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is presumably adapted to the living conditions of early humans....
Persistent link: https://www.econbiz.de/10008758980
The recent debate about the value of Darwinism as a source of ontological foundations for evolutionary economics reduces to a disagreement about whether or not the causal logic of Darwinism applies to economic evolution. However, this logic has not yet been fully specified. While the explanantia...
Persistent link: https://www.econbiz.de/10014198375
Persistent link: https://www.econbiz.de/10012622835
An evolutionary perspective on economic behavior has to account for the influences that the human genetic endowment has on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is presumably adapted to the living conditions of early humans....
Persistent link: https://www.econbiz.de/10010286736
It has been suggested that, by generalizing Darwinian principles, a common foundation can be derived for all scientific disciplines dealing with evolutionary processes, especially for evolutionary economics. In this paper we show, however, that the principles of such a "Generalized Darwinism"...
Persistent link: https://www.econbiz.de/10008662911
Economic theories of managing renewable resources, such as fisheries and forestry, traditionally assume that individual harvesters are perfectly rational and thus able to compute the harvesting strategy that maximizes their discounted profits. The current paper presents an alternative approach...
Persistent link: https://www.econbiz.de/10011316860
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
The aim of this article is to link Veblen's work on evolutionary economics to recently developed evolutionary game theory (EGT). This represents the first step towards incorporating Veblen's socio-economic evolution theory into discussion concerning applying EGT to social environments. An...
Persistent link: https://www.econbiz.de/10012776074
Institutional and evolutionary economists have recognized that organizations are social as well as economic entities, but in modern evolutionary theories of the firm the social aspect of economic organization is typically lost. This is a result of the fact that these theories take the existence...
Persistent link: https://www.econbiz.de/10014047620
The paper considers Charles Darwin's physical and intellectual journeys in Tierra del Fuego. In this account, there are really two Darwins. There is the young, brash, ambitious Darwin (D1) - an ugly cultural chauvinist who perceives the indigenous peoples of Tierra del Fuego as ‘savages of the...
Persistent link: https://www.econbiz.de/10013070870