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For non-economists, it is often difficult to understand why economists place so much emphasis on the self-interest motive. It is obvious that people act out of a variety of motives - gratitude, anger, social obligation and many, many other motives. There are several reasons why economists still...
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This paper clarifies a common misrepresentation of our theory of capital as power, or CasP. Many observers tend to box … CasP as an "institutionalist" theory, tracing its central process of "differential accumulation" to Thorstein Veblen … not Veblenians and certainly not institutionalists: Veblen's theory was evolutionary, while CasP is deeply dialectical …
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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...
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learning. The paper presents, thus, an evolutionary underpinning for the behavioral tendencies underlying my theory of custom. …
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The new institutional economics has one of its roots in evolutionary thinking. The idea is that there is competition among organizational forms. Some forms spread faster than others and thereby displace and eventually destroy the less well adapted forms. In the end, the most 'efficient'...
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