Darwinism And 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 Darwin Economy

Author : Robert H. Frank
Publisher : Princeton University Press
ISBN 13 : 0691156689
Total Pages : 264 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Darwin Economy by : Robert H. Frank

Download or read book The Darwin Economy written by Robert H. Frank and published by Princeton University Press. This book was released on 2012-09-16 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that ecologist Charles Darwin's understanding of competition describes economic reality far more accurately than economist Adam Smith's theories ever did.

Economics in the Shadows of Darwin and Marx

Author : Geoffrey Martin Hodgson
Publisher : Edward Elgar Publishing
ISBN 13 : 178100756X
Total Pages : 274 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Economics in the Shadows of Darwin and Marx by : Geoffrey Martin Hodgson

Download or read book Economics in the Shadows of Darwin and Marx written by Geoffrey Martin Hodgson and published by Edward Elgar Publishing. This book was released on 2014-05-14 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Almost 150 years after their major works were published Darwin and Marx stand alone as the premier theorists of the evolution of complex living systems. Hodgson's unique contribution in these essays is to capture the spirit of these two great thinkers in their ability to see universal principles in particular contextual frameworks. Using an evolutionary and institutional approach to examine a variety of theoretical issues Hodgson avoids both the postmodern disease of extreme relativism and the rigidity of insisting on "one true religion" for economic theory. This book is a major contribution to the current revolution in economic theory.' - John M. Gowdy, Rensselaer Polytechnic Institute, US Economics in the Shadows of Darwin and Marx examines the legacies of these two giants of thought for the social sciences in the twenty-first century.

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.

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.

Economics As an Evolutionary Science

Author : Arthur E. Gandolfi
Publisher : Transaction Publishers
ISBN 13 : 9781412822152
Total Pages : 302 pages
Book Rating : 4.8/5 (221 download)

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Book Synopsis Economics As an Evolutionary Science by : Arthur E. Gandolfi

Download or read book Economics As an Evolutionary Science written by Arthur E. Gandolfi and published by Transaction Publishers. This book was released on with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: A synthesis of economics and evolution. The authors suggest an expanded definition of "fitness", emphasizing not only the importance of reproduction and the quality of offspring, but also taking into account the ability of human beings to provide material wealth to their children.

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.

Darwinism and Economics

Author : Geoffrey Martin Hodgson
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 520 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Darwinism and Economics by : Geoffrey Martin Hodgson

Download or read book Darwinism and Economics written by Geoffrey Martin Hodgson and published by Edward Elgar Publishing. This book was released on 2009 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses how Darwinism affects our conception of human nature and challenges long-standing assumptions such as self-interested behaviour. This work offers an analysis of the nature of socio-cultural evolution, its differences from biological evolution and whether it is Lamarckian.

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.

Structure, Evidence, and Heuristic

Author : Armin W. Schulz
Publisher : Routledge
ISBN 13 : 1000067238
Total Pages : 241 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Structure, Evidence, and Heuristic by : Armin W. Schulz

Download or read book Structure, Evidence, and Heuristic written by Armin W. Schulz and published by Routledge. This book was released on 2020-04-22 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first systematic treatment of the philosophy of science underlying evolutionary economics. It does not advocate an evolutionary approach towards economics, but rather assesses the epistemic value of appealing to evolutionary biology in economics more generally. The author divides work in evolutionary economics into three distinct, albeit related, forms: a structural form, an evidential form, and a heuristic form. He then analyzes five examples of work in evolutionary economics falling under these three forms. For the structural form, he examines the parallelism between natural selection and economic decision making, and the parallelism between natural selection and market competition. For the evidential form, he looks at the relationship between animal and human economic decision making, and the evolutionary explanation of diversity in human economic decision making. Finally, for the heuristic form, he focuses on the plausibility of equilibrium modeling in evolutionary ecology and economics. In this way, he shows that linking evolutionary biology and economics can make for a powerful methodological tool that can enable progress in our understanding of various economics questions. Structure, Evidence, and Heuristic will be of interest to scholars and advanced students working in philosophy of science, philosophy of social science, evolutionary biology, and economics.

Darwin's Impact: Social Evolution in America, 1880-1920

Author : Frank X. Ryan
Publisher : A&C Black
ISBN 13 : 9781855069107
Total Pages : 246 pages
Book Rating : 4.0/5 (691 download)

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Book Synopsis Darwin's Impact: Social Evolution in America, 1880-1920 by : Frank X. Ryan

Download or read book Darwin's Impact: Social Evolution in America, 1880-1920 written by Frank X. Ryan and published by A&C Black. This book was released on 2001-06-15 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: "These books make available, for the first time in striking juxtaposition, much of the rich and remarkable American response to the idea of social evolution. Professor Ryan has succeeded in producing a selection of the best work in the field. The volumes are balanced, intellectually deep and as relevant and fascinating today as they were a hundred years ago. Ryan deserves high praise for re-acquainting us with these lost treasures." --John Lachs Although Darwin's theory of evolution by natural selection stunned the halls of biology, anthropology, and religion, its most profound repercussion in America was "Social Darwinism." Beginning in the 1880s, William Graham Sumner and his successors pushed "survival of the fittest" beyond biology to justify power, wealth, and even racial and gender superiority. Theodore Roosevelt and Stephen B. Luce championed military expansionism on Darwinian grounds, and eugenicist Charles B. Davenport urged selective breeding to propagate the strong and eradicate the physically and mentally infirm. Despite its widespread popularity, after the turn of the century Social Darwinism was challenged by a growing rank of philosophers, sociologists, and economists who argued that the movement thrived on bigotry and bad science. By the 1920s the countermovement led by Lester F. Ward, John Dewey, Charles H. Cooley, Oliver Wendell Holmes, and Thorstein Veblen had proven itself the "fitter" of the two. This three-volume set features more than sixty indispensable essays from 1880 to 1920, most of which have never been anthologized and are now scarce. Volume 1: Social Darwinism and its Critics offers William Graham Sumner's classic defense of Social Darwinism and its criticism from sociologists and philosophers such as Lester F. Ward, James Mark Baldwin, Charles H. Cooley, Jacob Gould Schurman, John Dewey, and Arthur M. Lewis. Volume 2: Race, Gender, and Supremacy rekindles the volatile clash over issues of race, gender, eugenics, and American supremacy, from authors including Nathaniel S. Shaler, Lydia Kingsmill Commander, Charles B. Davenport, Charles A. Ellwood, Theodore Roosevelt, Franz Boas, Edward A. Ross, and Charles H. Cooley. Volume 3: Evolution, Law, and Economics explores the impact of evolution on theories of natural law and economics, including pieces from William Graham Sumner, Thomas Nixon Carver, Andrew Carnegie, Oliver Wendell Holmes, Louis D. Brandeis, Simon Nelson Patten, and Thorstein Veblen. --more than 60 articles, tracing the impact of Darwinism on sociology, psychology, race, gender, eugenics, law and economics in the USA --all material reset and indexed, with a new introduction to each volume

The Evolution of Economic Institutions

Author : Geoffrey Martin Hodgson
Publisher : Edward Elgar Publishing
ISBN 13 : 1847207030
Total Pages : 314 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis The Evolution of Economic Institutions by : Geoffrey Martin Hodgson

Download or read book The Evolution of Economic Institutions written by Geoffrey Martin Hodgson and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume documents in a unique manner the momentum the institutionalist, evolutionary research agenda has regained over the past two decades. The thought-provoking contributions come from prominent authors with a rather heterogeneous theoretical background. Nonetheless, they all convene in elaborating on issues that have always been at the core of the institutionalist agenda and show how these issues relate to cutting edge research in modern economics. Ulrich Witt, Max Planck Institute of Economics, Jena, Germany This excellent EAEPE Reader brings together a range of perspectives on the role of institutions in economics. It is very well structured, with parts on microeconomics, macroeconomics, markets and economic evolution. Each part contains chapters written by renowned experts in their respective fields and there is an authoritative introductory chapter by the editor. This Reader is invaluable for economics students and academic economists wishing to better understand how institutions and individual behaviours interact in the economic system. Much of standard economic analysis either ignores institutions or makes overly restrictive assumptions about them the authors in this book show, persuasively, that economics, without an adequate treatment of institutions and institutional change, is of very little scientific worth. John Foster, The University of Queensland, Australia This is a great set of essays. To get the richness they contain, the reader must be already familiar with the broad orientation of the literature on economic institutions. Given that background, I can think of no collection or essays that frame, illuminate, and probe modern institutional economics as well as does this set. Geoffrey Hodgson, who chose the collection, and the authors of the essays, are to be congratulated and thanked. Richard R. Nelson, Columbia University, US It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by leading internationally renowned scholars including Paul A. David, Christopher Freeman, Alan P. Kirman, Jan Kregel, Brian J. Loasby, J. Stanley Metcalfe, Bart Nooteboom and Ugo Pagano. This essential reader covers topics such as the relationship between institutions and individuals, institutions and economic development, the nature and role of markets, and the theory of institutional evolution. The book not only outlines cutting-edge developments in the field but also indicates key directions of future research for institutional and evolutionary economics. Vital reading on one of the most dynamic and rapidly growing areas of research today, The Evolution of Economic Institutions will be of great interest to researchers, students and lecturers in economics and business studies.

Evolutionary Economics

Author : David Hamilton
Publisher : Routledge
ISBN 13 : 1351521292
Total Pages : 157 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis Evolutionary Economics by : David Hamilton

Download or read book Evolutionary Economics written by David Hamilton and published by Routledge. This book was released on 2017-07-05 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: In reviewing this book in The Economic Journal, S.G. Checkland said that it should be read as a vigorous attempt to relate economics to general thinking and as a challenge to those who are practitioners or elaborators of narrowly prescribed techniques.

The Evolution of Economic and Innovation Systems

Author : Andreas Pyka
Publisher : Springer
ISBN 13 : 3319132997
Total Pages : 641 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis The Evolution of Economic and Innovation Systems by : Andreas Pyka

Download or read book The Evolution of Economic and Innovation Systems written by Andreas Pyka and published by Springer. This book was released on 2015-03-03 with total page 641 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is at the cutting edge of the ongoing ‘neo-Schumpeterian’ research program that investigates how economic growth and its fluctuation can be understood as the outcome of a historical process of economic evolution. Much of modern evolutionary economics has relied upon biological analogy, especially about natural selection. Although this is valid and useful, evolutionary economists have, increasingly, begun to build their analytical representations of economic evolution on understandings derived from complex systems science. In this book, the fact that economic systems are, necessarily, complex adaptive systems is explored, both theoretically and empirically, in a range of contexts. Throughout, there is a primary focus upon the interconnected processes of innovation and entrepreneurship, which are the ultimate sources of all economic growth. Twenty two chapters are provided by renowned experts in the related fields of evolutionary economics and the economics of innovation.

Essays on Genetic Evolution and Economics

Author : Terence C. Burnham
Publisher : Universal-Publishers
ISBN 13 : 0965856429
Total Pages : 164 pages
Book Rating : 4.9/5 (658 download)

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Book Synopsis Essays on Genetic Evolution and Economics by : Terence C. Burnham

Download or read book Essays on Genetic Evolution and Economics written by Terence C. Burnham and published by Universal-Publishers. This book was released on 1997 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ever since Charles Darwin published The Origin of Species in 1859, genetic evolutionary theory has increasingly served as the foundation for fields that deal with organisms that arose by natural selection. This thesis argues that economic theory should integrate with Darwinian theory through the creation of a "genetic evolutionary economics". The promise of genetic evolutionary economics is a better understanding of human nature and, consequently, a more accurate and comprehensive economic science. Economic theory rests on a set of assumptions about human nature. These economic axioms concern human genes, but there is no explicit connection between genetic evolution and economic theory. As a result, human behavior and economic predictions of that behavior diverge in a variety of important settings. Why, for example, do most people save too little for the future when economics assumes that they will save enough? Chapter 2 discusses the difficulties inherent in the standard economic approach. Natural selection theory, the chapter argues, is the best tool for refining the axioms of economics. Genetic evolutionary economics allows the derivation of parameters that are intractable with standard economic techniques. There is, for instance, an ancient debate within economics about the role of self-interest in human affairs. Chapter 3 builds a genetic evolutionary model relevant to this issue, and concludes that a Darwinian lens removes many of the apparent paradoxes. Genetic evolutionary economics is a scientific endeavor. As such, it produces specific, testable hypotheses concerning behavior in economically relevant situations. Chapter 4 reports on a theoretical and experimental investigation of gift giving. A genetic evolutionary model organizes the existing data on gift giving and makes novel, testable predictions. Laboratory experiments, performed to test the theory, confirm the evolutionary model's predictions.

Institutions and Evolution of Capitalism

Author : Francesca Gagliardi
Publisher : Edward Elgar Publishing
ISBN 13 : 1785365002
Total Pages : 384 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 384 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.

Economics in the Shadows of Darwin and Marx

Author : Geoffrey Martin Hodgson
Publisher : Edward Elgar Pub
ISBN 13 : 9781847206190
Total Pages : 265 pages
Book Rating : 4.2/5 (61 download)

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Book Synopsis Economics in the Shadows of Darwin and Marx by : Geoffrey Martin Hodgson

Download or read book Economics in the Shadows of Darwin and Marx written by Geoffrey Martin Hodgson and published by Edward Elgar Pub. This book was released on 2007 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics in the Shadows of Darwin and Marx examines the legacies of these two giants of thought for the social sciences in the twenty-first century.Darwin and Marx stand out as the supreme theorists of structural change in complex living systems. Yet their analytical approaches are very different, and the idea that Darwinism has application to the social sciences is not widely appreciated. This collection of essays establishes the importance of Darwinism for economics and other social sciences, and compares the Darwinian legacy with that of Marx. Critical realism is just one of the tendencies within economics influenced by Marxism that is dissected here. The final part of the book adopts a Darwinian evolutionary approach to the analysis of institutions and routines. Geoffrey Hodgson's book will be warmly welcomed and received by evolutionary and institutional economists, methodologists of economics and other social sciences, heterodox economists as well as other social scientists including economic sociologists, organisation scientists and political scientists.