Under what circumstances is it necessary or convenient for an agent to rely on habits and rules? This paper focuses on the types of decision situation giving rise to their use. Even optimisation requires the development of rules, and for this reason mainstream economics cannot legitimately...

Marx is widely regarded today as an “evolutionary” economist. However, what is clear from a close examination of the writings of both Marx and Engels is that they did not actually take Darwin′s theory of natural selection on board. Consequently, if their theory of socio‐economic change...

J.W. Stoelhorst (2007), 'The Naturalist View of Universal Darwinism: An Application to the Evolutionary Theory of the Firm', in Geoffrey Hodgson (ed) (ed.), The Evolution of Economic Institutions: A Critical Reader, Chapter 13, Cheltenham, UK and Northampton, MA: Edward Elgar, 233-51 -- Geoffrey...