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neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10010390070
neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10010390395
Persistent link: https://www.econbiz.de/10010528438
Industrial agriculture and its technological package (intensive farming, mechanization, use of chemicals) are no longer in position to ensure food security (Altieri et al., 2012). To overcome the strongly negative externalities produced by this model, agroecological transition may be considered...
Persistent link: https://www.econbiz.de/10011491965
This paper proposes to identify the micro-level sources for the dynamic increasing returns occurring at an aggregate level. The paper reverts to a micro model of technological change in-line with the evolutionary literature on industrial dynamics. The data generated through numerical simulations...
Persistent link: https://www.econbiz.de/10003875747
We address the notion of dynamic, endogenous diversity and its role in theories of investment and technological innovation. We develop a formal model of an innovation arising from the combination of two existing modules with the objective to optimize the net benefits of diversity. The model...
Persistent link: https://www.econbiz.de/10011377094
Man has not only evolved biologically and culturally but also economically. Human economy has grown over many centuries through continuous addition of value. This value addition has been an evolutionary factor as it has influenced the formation of the main economic sectors-namely Primary,...
Persistent link: https://www.econbiz.de/10012959730
How much heterogeneity in techniques of production exists within the economy, and how does that heterogeneity move over time? In this paper we show that the range of production techniques employed by establishments within individual manufacturing industries is large. We go on to show that...
Persistent link: https://www.econbiz.de/10012760802
Abstract: Drawing on McCraw's (2007) biography, this paper assesses the character of Joseph Schumpeter. After a biographical summary of Schumpeter's life and career as an economist, the paper considers a thread of deliberate posturing and pretense in Schumpeter's grandiose ambitions and claims...
Persistent link: https://www.econbiz.de/10012823091
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10011350354