Darwinian Foundations For Evolutionary Economics

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Darwinism and Evolutionary Economics

Author : John Laurent
Publisher : Edward Elgar Publishing
ISBN 13 : 1843762943
Total Pages : 260 pages
Book Rating : 4.8/5 (437 download)

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Book Synopsis Darwinism and Evolutionary Economics by : John Laurent

Download or read book Darwinism and Evolutionary Economics written by John Laurent and published by Edward Elgar Publishing. This book was released on 2001-01-01 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This outstanding collection of essays by leading scholars helps explain how evolutionary economics has come of age. They show how evolutionary economics offers a progressive and diverse research agenda built on strong foundations. These are essays of lasting value. J. Stanley Metcalfe, University of Manchester, UK Darwinism is fast becoming an orthodoxy of modern thought, a framework within which a wide range of knowledge communities conduct their discourse. Ever since its formation, Darwinian theory has experienced a close, though not always comfortable, association with economics. Evolutionary economists now appear to show little concern for the consistency of knowledge in their embrace of Darwinism. Darwinism and Evolutionary Economics brings together contributions from eminent authors who, building on Darwin s own insights and on developments in evolutionary theory, offer challenging views on how economics can use evolutionary ideas effectively. This collection of critical essays provides a thorough examination of the application of Darwinian theory to economic thought, and will appeal to evolutionary economists and all those with an interest in Darwin, innovation and evolutionary science.

The Evolutionary Foundations of Economics

Author : Kurt Dopfer
Publisher : Cambridge University Press
ISBN 13 : 9781139443234
Total Pages : 604 pages
Book Rating : 4.4/5 (432 download)

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Book Synopsis The Evolutionary Foundations of Economics by : Kurt Dopfer

Download or read book The Evolutionary Foundations of Economics written by Kurt Dopfer and published by Cambridge University Press. This book was released on 2005-05-23 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely recognised that mainstream economics has failed to translate micro consistently into macro economics and to provide endogenous explanations for the continual changes in the economic system. Since the early 1980s, a growing number of economists have been trying to provide answers to these two key questions by applying an evolutionary approach. This new departure has yielded a rich literature with enormous variety, but the unifying principles connecting the various ideas and views presented are, as yet, not apparent. This 2005 volume brings together fifteen original articles from scholars - each of whom has made a significant contribution to the field - in their common effort to reconstruct economics as an evolutionary science. Using meso economics as an analytical entity to bridge micro and macro economics as well as static and dynamic realms, a unified economic theory emerges.

Darwin's Conjecture

Author : Geoffrey M. Hodgson
Publisher : University of Chicago Press
ISBN 13 : 0226346900
Total Pages : 303 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Darwin's Conjecture by : Geoffrey M. Hodgson

Download or read book Darwin's Conjecture written by Geoffrey M. Hodgson and published by University of Chicago Press. This book was released on 2010-12 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical study dealing chiefly with matters of definition and clarification of terms and concepts involved in using Darwinian notions to model social phenomena.

An Evolutionary Theory of Economic Change

Author : Richard R. Nelson
Publisher : Harvard University Press
ISBN 13 : 9780674041431
Total Pages : 456 pages
Book Rating : 4.0/5 (414 download)

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Book Synopsis An Evolutionary Theory of Economic Change by : Richard R. Nelson

Download or read book An Evolutionary Theory of Economic Change written by Richard R. Nelson and published by Harvard University Press. This book was released on 1985-10-15 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Holistic Darwinism

Author : Peter Corning
Publisher : University of Chicago Press
ISBN 13 : 0226116336
Total Pages : 555 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis Holistic Darwinism by : Peter Corning

Download or read book Holistic Darwinism written by Peter Corning and published by University of Chicago Press. This book was released on 2010-08-15 with total page 555 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, evolutionary theorists have come to recognize that the reductionist, individualist, gene-centered approach to evolution cannot sufficiently account for the emergence of complex biological systems over time. Peter A. Corning has been at the forefront of a new generation of complexity theorists who have been working to reshape the foundations of evolutionary theory. Well known for his Synergism Hypothesis—a theory of complexity in evolution that assigns a key causal role to various forms of functional synergy—Corning puts this theory into a much broader framework in Holistic Darwinism, addressing many of the issues and concepts associated with the evolution of complex systems. Corning's paradigm embraces and integrates many related theoretical developments of recent years, from multilevel selection theory to niche construction theory, gene-culture coevolution theory, and theories of self-organization. Offering new approaches to thermodynamics, information theory, and economic analysis, Corning suggests how all of these domains can be brought firmly within what he characterizes as a post–neo-Darwinian evolutionary synthesis.

Institutions and Evolution of Capitalism

Author : Francesca Gagliardi
Publisher : Edward Elgar Publishing
ISBN 13 : 1785365002
Total Pages : 385 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Institutions and Evolution of Capitalism by : Francesca Gagliardi

Download or read book Institutions and Evolution of Capitalism written by Francesca Gagliardi and published by Edward Elgar Publishing. This book was released on 2019 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: In just over 30 years, Geoff Hodgson has made substantial contributions to institutional economics, evolutionary economics, economic methodology, the history of economic thought and social theory. To mark his seminal work, this volume brings together original contributions by world-leading scholars in specific areas that have played a significant role in influencing his thinking or represent key debates to which he has contributed. Building on some of the most significant philosophical and methodological foundations underlying Hodgson's work, the volume is organised around the recurring themes of institutions, evolution and capitalism.

Microfoundations of Evolutionary Economics

Author : Yoshinori Shiozawa
Publisher : Springer
ISBN 13 : 4431552677
Total Pages : 360 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis Microfoundations of Evolutionary Economics by : Yoshinori Shiozawa

Download or read book Microfoundations of Evolutionary Economics written by Yoshinori Shiozawa and published by Springer. This book was released on 2019-06-27 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides for the first time the microfoundations of evolutionary economics, enabling the reader to grasp a new framework for economic analysis that is compatible with evolutionary processes. Any independent approach to economics must include a value theory (or price theory) and price and quantity adjustment processes. Evolutionary economics has rightly and successfully concentrated its efforts on explaining evolutionary processes in technology and institutions. However, it does not have its own value theory and is not capable of explaining the workings of everyday economics processes, in which any evolutionary process would take place. Our point of departure is the addition of myopic agents with severely limited rational and forecasting capacities (in stark contrast to mainstream economics). We show how myopic agents, in a complex world, can produce a stable price system and demonstrate how they can adjust their production to changing demand flows. Agents behave without any knowledge of the overall process, and they generate a stable economy as large as the global network of exchanges. This is the true “miracle” of the market mechanism. In contrast to mainstream general equilibrium theory, this miracle can be explained without the need for an auctioneer or infinitely rational agents. Thanks to this book, evolutionary economics can now claim to be an independent approach to economics that can completely replace mainstream neoclassical economics.

Darwinian Evolution and Classical Liberalism

Author : Stephen C. Dilley
Publisher : Lexington Books
ISBN 13 : 0739181076
Total Pages : 344 pages
Book Rating : 4.7/5 (391 download)

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Book Synopsis Darwinian Evolution and Classical Liberalism by : Stephen C. Dilley

Download or read book Darwinian Evolution and Classical Liberalism written by Stephen C. Dilley and published by Lexington Books. This book was released on 2013-05-02 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Darwinian Evolution and Classical Liberalism canvasses an array of thinkers from the past to the present as it examines fundamental political, philosophical, ethical, economic, anthropological, and scientific aspects of the ferment between Darwinian biology and classical liberalism. Early chapters focus on classical thinkers like John Locke and Adam Smith, while later chapters provide analyses of present-day classical liberals, focusing especially on F.A. Hayek, Thomas Sowell, and Larry Arnhart, the most prominent advocates of ‘contemporary’ classical liberalism. Thematically, the volume falls into three parts. Part I examines foundational matters, arguing that Darwinism and classical liberalism hold incompatible visions of morality, human nature, and individual autonomy. This section also contends that the free market’s spontaneous order is fully compatible with a teleological (or non-Darwinian) view of the universe. Part II turns to contemporary applications, contending that Darwinism and classical liberalism are at odds in their views of (or implications about) limited government, vital religion, economic freedom, and the traditional family. This section also argues that, since its inception, Darwinism has attenuated core tenets and values of classical liberalism and Western civilization. Part III of the volume contains alternative views to those in the first two parts, adding critical diversity to the book. Respectively, these chapters hold that Darwinian evolution simply has little to say about classical liberalism; an evolutionary account of human volition is fully compatible with the individual choice presupposed in classical liberalism; and evolutionary naturalism, unlike religious alternatives, provides a strong foundation for freedom, morality, and the traditional family.

The Microeconomics of Complex Economies

Author : Wolfram Elsner
Publisher : Academic Press
ISBN 13 : 0124115993
Total Pages : 599 pages
Book Rating : 4.1/5 (241 download)

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Book Synopsis The Microeconomics of Complex Economies by : Wolfram Elsner

Download or read book The Microeconomics of Complex Economies written by Wolfram Elsner and published by Academic Press. This book was released on 2014-04-15 with total page 599 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. - Describes the usefulness of complex heterodox economics - Emphasizes divergences and convergences with neoclassical economic theories and perspectives - Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters

The Foundations of Evolutionary Institutional Economics

Author : Manuel Scholz-Wackerle
Publisher : Routledge
ISBN 13 : 1136008721
Total Pages : 405 pages
Book Rating : 4.1/5 (36 download)

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Book Synopsis The Foundations of Evolutionary Institutional Economics by : Manuel Scholz-Wackerle

Download or read book The Foundations of Evolutionary Institutional Economics written by Manuel Scholz-Wackerle and published by Routledge. This book was released on 2013-08-15 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Generic institutionalism offers a new perspective on institutional economic change within an evolutionary framework. The institutional landscape shapes the social fabric and economic organization in manifold ways. The book elaborates on the ubiquity of such institutional forms with regards to their emergence, durability and exit in social agency-structure relations. Thereby institutions are considered as social learning environments changing the knowledge base of the economy along generic rule-sets in non-nomological ways from within. Specific attention is given to a theoretical structuring of the topic in ontology, heuristics and methodology. Part I introduces a generic naturalistic ontology by comparing prevalent ontological claims in evolutionary economics and preparing them for a broader pluralist and interdisciplinary discourse. Part II reconsiders these ontological claims and confronts it with prevalent heuristics, conceptualizations and projections of institutional change. In this respect the book revisits the institutional economic thought of Thorstein Veblen, Friedrich August von Hayek, Joseph Alois Schumpeter and Pierre Bourdieu. A synthesis is suggested in an application of the generic rule-based approach. Part III discusses the implementation of rule-based bottom-up models of institutional change and provides a basic prototype agent-based computational simulation. The evolution of power relations plays an important role in the programming of real-life communication networks. This notion characterizes the discussed policy realms (Part IV) of ecological and financial sustainability as tremendously complex areas of institutional change in political economy, leading to the concluding topic of democracy in practice. The novelty of this approach is given by its modular theoretical structure. It turns out that institutional change is carried substantially by affective social orders in contrast to rational orders as communicated in orthodox economic realms. The characteristics of affective orders are derived theoretically from intersections between ontology and heuristics, where interdependencies between instinct, cognition, rationality, reason, social practice, habit, routine or disposition are essential for the embodiment of knowledge. This kind of research indicates new generic directions to study social learning in particular and institutional evolution in general.

Darwinian Politics

Author : Paul H. Rubin
Publisher : Rutgers University Press
ISBN 13 : 9780813530963
Total Pages : 250 pages
Book Rating : 4.5/5 (39 download)

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Book Synopsis Darwinian Politics by : Paul H. Rubin

Download or read book Darwinian Politics written by Paul H. Rubin and published by Rutgers University Press. This book was released on 2002 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of political behaviour from a modern evolutionary perspective. Paul H. Rubin discusses group or social behaviour, including: ethnic and racial conflict; altruism and co-operation; envy; political power; and the role of religion in politics.

The Evolution of Institutional Economics

Author : Geoffrey Martin Hodgson
Publisher : Psychology Press
ISBN 13 : 9780415322539
Total Pages : 568 pages
Book Rating : 4.3/5 (225 download)

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Book Synopsis The Evolution of Institutional Economics by : Geoffrey Martin Hodgson

Download or read book The Evolution of Institutional Economics written by Geoffrey Martin Hodgson and published by Psychology Press. This book was released on 2004 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: This exciting new book from Geoffrey Hodgson is eagerly awaited by social scientists from many different backgrounds. This book charts the rise, fall and renewal of institutional economics in the critical, analytical and readable style that Hodgson's fans have come to know and love, and that a new generation of readers will surely come to appreciate.

From Pleasure Machines to Moral Communities

Author : Geoffrey M. Hodgson
Publisher : University of Chicago Press
ISBN 13 : 0226922715
Total Pages : 323 pages
Book Rating : 4.2/5 (269 download)

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Book Synopsis From Pleasure Machines to Moral Communities by : Geoffrey M. Hodgson

Download or read book From Pleasure Machines to Moral Communities written by Geoffrey M. Hodgson and published by University of Chicago Press. This book was released on 2013 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are humans at their core seekers of their own pleasure or cooperative members of society? Paradoxically, they are both. Pleasure-seeking can take place only within the context of what works within a defined community, and central to any community are the evolved codes and principles guiding appropriate behavior, or morality. The complex interaction of morality and self-interest is at the heart of Geoffrey M. Hodgson’s approach to evolutionary economics, which is designed to bring about a better understanding of human behavior. In From Pleasure Machines to Moral Communities, Hodgson casts a critical eye on neoclassical individualism, its foundations and flaws, and turns to recent insights from research on the evolutionary bases of human behavior. He focuses his attention on the evolution of morality, its meaning, why it came about, and how it influences human attitudes and behavior. This more nuanced understanding sets the stage for a fascinating investigation of its implications on a range of pressing issues drawn from diverse environments, including the business world and crucial policy realms like health care and ecology. This book provides a valuable complement to Hodgson’s earlier work with Thorbjørn Knudsen on evolutionary economics in Darwin’s Conjecture, extending the evolutionary outlook to include moral and policy-related issues.

Foundations of Complex-system Theories

Author : Sunny Y. Auyang
Publisher : Cambridge University Press
ISBN 13 : 9780521778268
Total Pages : 422 pages
Book Rating : 4.7/5 (782 download)

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Book Synopsis Foundations of Complex-system Theories by : Sunny Y. Auyang

Download or read book Foundations of Complex-system Theories written by Sunny Y. Auyang and published by Cambridge University Press. This book was released on 1998 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes approaches to the study of complexity in the physical, biological, and social sciences.

Economics and Evolution

Author : Geoffrey Martin Hodgson
Publisher : University of Michigan Press
ISBN 13 : 9780472084234
Total Pages : 398 pages
Book Rating : 4.0/5 (842 download)

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Book Synopsis Economics and Evolution by : Geoffrey Martin Hodgson

Download or read book Economics and Evolution written by Geoffrey Martin Hodgson and published by University of Michigan Press. This book was released on 1996 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: How evolutionary ideas can be used to reconstruct economics.

Evolution as Computation

Author : Laura F. Landweber
Publisher : Springer Science & Business Media
ISBN 13 : 364255606X
Total Pages : 348 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Evolution as Computation by : Laura F. Landweber

Download or read book Evolution as Computation written by Laura F. Landweber and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of the genetic basis for evolution has flourished in this century, as well as our understanding of the evolvability and programmability of biological systems. Genetic algorithms meanwhile grew out of the realization that a computer program could use the biologically-inspired processes of mutation, recombination, and selection to solve hard optimization problems. Genetic and evolutionary programming provide further approaches to a wide variety of computational problems. A synthesis of these experiences reveals fundamental insights into both the computational nature of biological evolution and processes of importance to computer science. Topics include biological models of nucleic acid information processing and genome evolution; molecules, cells, and metabolic circuits that compute logical relationships; the origin and evolution of the genetic code; and the interface with genetic algorithms and genetic and evolutionary programming.

Fundamentals of Evolutionary Game Theory and its Applications

Author : Jun Tanimoto
Publisher : Springer
ISBN 13 : 4431549625
Total Pages : 223 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis Fundamentals of Evolutionary Game Theory and its Applications by : Jun Tanimoto

Download or read book Fundamentals of Evolutionary Game Theory and its Applications written by Jun Tanimoto and published by Springer. This book was released on 2015-10-23 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book both summarizes the basic theory of evolutionary games and explains their developing applications, giving special attention to the 2-player, 2-strategy game. This game, usually termed a "2×2 game” in the jargon, has been deemed most important because it makes it possible to posit an archetype framework that can be extended to various applications for engineering, the social sciences, and even pure science fields spanning theoretical biology, physics, economics, politics, and information science. The 2×2 game is in fact one of the hottest issues in the field of statistical physics. The book first shows how the fundamental theory of the 2×2 game, based on so-called replicator dynamics, highlights its potential relation with nonlinear dynamical systems. This analytical approach implies that there is a gap between theoretical and reality-based prognoses observed in social systems of humans as well as in those of animal species. The book explains that this perceived gap is the result of an underlying reciprocity mechanism called social viscosity. As a second major point, the book puts a sharp focus on network reciprocity, one of the five fundamental mechanisms for adding social viscosity to a system and one that has been a great concern for study by statistical physicists in the past decade. The book explains how network reciprocity works for emerging cooperation, and readers can clearly understand the existence of substantial mechanics when the term "network reciprocity" is used. In the latter part of the book, readers will find several interesting examples in which evolutionary game theory is applied. One such example is traffic flow analysis. Traffic flow is one of the subjects that fluid dynamics can deal with, although flowing objects do not comprise a pure fluid but, rather, are a set of many particles. Applying the framework of evolutionary games to realistic traffic flows, the book reveals that social dilemma structures lie behind traffic flow.