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Persistent link: https://www.econbiz.de/10010528438
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the …
Persistent link: https://www.econbiz.de/10010390070
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the …
Persistent link: https://www.econbiz.de/10010390395
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...
Persistent link: https://www.econbiz.de/10012425266
We set up an agent-based macromodel focusing on consumption-saving without the assumption of utility maximization, but preserving certain "rational" aspects of human choice based on the idea of ecological rationality Todd et al. (2012). In this framework we address the classical problem of the...
Persistent link: https://www.econbiz.de/10011584835
technological evolution; (ii) The theory of the firm in evolving environments; (iii) The formalization of learning processes; (iv … along the course of evolution. Second, evolution is a multi-scale phenomenon. This is a fundamental property of biological … evolution, and even more so is the evolution of economies and whole societies, nested in different institutions - possibly …
Persistent link: https://www.econbiz.de/10013402021
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