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Darwinism And Evolutionary Economics
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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.
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.
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.
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.
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.
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.
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.
Book Synopsis Rethinking Economic Evolution by : Ulrich Witt
Download or read book Rethinking Economic Evolution written by Ulrich Witt and published by Edward Elgar Publishing. This book was released on 2016-07-30 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern economies never come to rest. From institutions to activities of production, trade, and consumption, everything is locked in processes of perpetual transformation – and so are our daily lives. Why and how do such transformations occur? What can economic theory tell us about these changes and where they might lead? Ulrich Witt’s book discusses why evolutionary concepts are necessary to answer such questions. While economic evolution is in many respects unique, it nonetheless needs to be seen within the broader context of natural evolution. By exploring this complex relationship, Rethinking Economic Evolution demonstrates the significance of an evolutionary economic theory.
Book Synopsis Evolutionary Theory in the Social Sciences: Evolutionary social science by : William M. Dugger
Download or read book Evolutionary Theory in the Social Sciences: Evolutionary social science written by William M. Dugger and published by Taylor & Francis. This book was released on 2003 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Evolutionary Economics by : Yuji Aruka
Download or read book Evolutionary Economics written by Yuji Aruka and published by Springer Nature. This book was released on with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Geoffrey Martin Hodgson Publisher :University of Michigan Press ISBN 13 :9780472084234 Total Pages :398 pages Book Rating :4.0/5 (842 download)
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.
Book Synopsis Evolutionary Economics and Human Nature by : John Laurent
Download or read book Evolutionary Economics and Human Nature written by John Laurent and published by Edward Elgar Publishing. This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many of these works are placed in a Darwinian, evolutionary perspective, with the imperative that the study of human nature must be consistent with our understanding of human evolution, and should consider how human beings are moulded by cultural and institutional influences. Naturally, Darwin's own view of human nature is explored, undermining the mistaken notion that Darwinism promotes human nature as greedy, uncooperative and self-seeking.
Book Synopsis From Evolutionary Biology to Economics and Back by : Jean-Baptiste André
Download or read book From Evolutionary Biology to Economics and Back written by Jean-Baptiste André and published by Springer Nature. This book was released on 2023-01-12 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive exploration of the major key concepts common to economics and evolutionary biology. Written by a group of philosophers of science, biologists and economists, it proposes analyses of the meaning of twenty-five concepts from the viewpoint respectively of economics and of evolutionary biology –each followed by a short synthesis emphasizing major discrepancies and commonalities. This analysis is surrounded by chapters exploring the nature of the analogy that connects evolution and economics, and chapters that summarize the major teachings of the analyses of the keywords. Most scholars in biology and in economics know that their science has something in common with the other one, for instance the notions of competition and resources. Textbooks regularly acknowledge that the two fields share some history – Darwin borrowing from Malthus the insistence on scarcity of resources, and then behavioral ecologists adapting and transforming game theory into evolutionary game theory in the 1980s, while Friedman famously alluded to a Darwinian process yielding the extant firms. However, the real extent of the similarities, the reasons why they are so close, and the limits and even the nature of the analogy connecting economics and biological evolution, remain inexplicit. This book proposes basis analyses that can sustain such explication. It is intended for researchers, grad students and master students in evolutionary and in economics, as well as in philosophy of science.
Book Synopsis Understanding Economic Change by : Ulrich Witt
Download or read book Understanding Economic Change written by Ulrich Witt and published by Cambridge University Press. This book was released on 2018-11-29 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the economy has always been changing, ever more innovations now seem to accelerate the transformation process. Are there any laws governing the incessant global change? Does it accord with our intentions and desires and make us happier? Do our institutions and our democracies cope with the challenges? How does economic theory explain what is going on? In this volume, experts in the field discuss the advances that evolutionary economics has made in exploring questions like these. The broad range of topics include a review of the development of the field: its conceptual and methodological characteristics are outlined; problems posed by macroeconomic evolution and the institutional challenges are highlighted; and, last but not least, the implications of the evolution of the economy for wellbeing and sustainability are addressed. Taken together, the contributions demonstrate the potential of an evolutionary paradigm for making sense of economic change and for assessing its consequences.
Book Synopsis Economic Evolution by : Jack J Vromen
Download or read book Economic Evolution written by Jack J Vromen and published by Routledge. This book was released on 1995-10-19 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new institutional economics offers one of the most exciting research agendas in economics today. The book looks at the differences and similarities between the three main approaches.
Book Synopsis Evolutionary Economics by : Geoffrey M. Hodgson
Download or read book Evolutionary Economics written by Geoffrey M. Hodgson and published by Cambridge University Press. This book was released on 2019-10-17 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Element examines the historical emergence of evolutionary economics, its development into a strong research theme after 1980, and how it has hosted a diverse set of approaches. Its focus on complexity, economic dynamics and bounded rationality is underlined. Its core ideas are compared with those of mainstream economics. But while evolutionary economics has inspired research in a number of areas in business studies and social science, these have become specialized and fragmented. Evolutionary economics lacks a sufficiently-developed core theory that might promote greater conversation across these fields. A possible unifying framework is generalized Darwinism. Stronger links could also be made with other areas of evolutionary research, such as with evolutionary anthropology and evolutionary psychology. As evolutionary economics has migrated from departments of economics to business schools, institutes of innovation studies and elsewhere, it also needs to address the problem of its lack of a single disciplinary location within academia.
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.
