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The paper discusses recent trends in the sister sciences of evolutionary economics andcomplexity economics. It suggests that a unifying approach that marries the two strands isneeded when reconstructing economics as a science capable of tackling the two key questions ofthe discipline: complex...
Persistent link: https://www.econbiz.de/10009138592
Inspired by Peter Godfrey-Smith's book Darwinian Populations and Natural Selection (2009), the paper seeks to develop a view on Darwinizing evolutionary economics that differs from the view espoused in Hodgson and Knudsen project of Generalized Darwinism. It is argued that on Hodgson and...
Persistent link: https://www.econbiz.de/10009138622
principles of such a“Generalized Darwinism” are not those that in the development of evolutionary biology havebeen crucial for …
Persistent link: https://www.econbiz.de/10009138631
We consider an economy where a finite set of agents can trade on one of two asset markets. Due to endogenous participation the markets may differ in the liquidity they provide. Moreover, traders have idiosyncratic preferences for the markets, e.g. due to differential time preferences for...
Persistent link: https://www.econbiz.de/10005859375
collaborativearrangements. In this paper, we first present three rules for the evolution of cooperation– kinship selection, direct reciprocity …
Persistent link: https://www.econbiz.de/10005865886
This paper is a follow-up on two earlier debates I was part of. One debate is documentedin a special issue of The Journal of Economic Methodology, edited by Matthias Klaes andcalled Symposium: Ontological Issues in Evolutionary Economics (2004) The other oneis reported in a special issue of The...
Persistent link: https://www.econbiz.de/10005865930
evolution... …
Persistent link: https://www.econbiz.de/10005865934
In the last two decades there has been a noticeable increase in published research inevolutionary economics. The idea that formal modelling is a sine qua non condition forestablishing a rigours and coherence scientific frame, has led to an over concern withformalization issues among evolutionary...
Persistent link: https://www.econbiz.de/10005865969
development ‘fromwithin’ (macro). It is argued that Schumpeter paved the way for a new micro–meso–macro framework in economics … genericequilibrium. Economic development occurs at the deep level as transition from onegeneric rule to another, inducing a change of …
Persistent link: https://www.econbiz.de/10005865996
entrepreneurialopportunities, but also the further development of the entrepreneurial venture is dependent onsubjective opportunity perception and …
Persistent link: https://www.econbiz.de/10005866001