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Author: Terence C. Burnham
Publisher: Universal-Publishers
ISBN: 0965856429
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
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.
Author: Terence C. Burnham
Publisher: Universal-Publishers
ISBN: 0965856429
Category : Business & Economics
Languages : en
Pages : 164
Get Book Here
Book Description
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.
Author: Ulrich Witt
Publisher: Edward Elgar Publishing
ISBN: 178536507X
Category : Business & Economics
Languages : en
Pages : 261
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Book Description
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.
Author: Sibel Sirakaya
Publisher:
ISBN:
Category :
Languages : en
Pages : 180
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Book Description
Author: Samuel Bowles
Publisher: Princeton University Press
ISBN: 0691158169
Category : Business & Economics
Languages : en
Pages : 274
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Book Description
Why do humans, uniquely among animals, cooperate in large numbers to advance projects for the common good? Contrary to the conventional wisdom in biology and economics, this generous and civic-minded behavior is widespread and cannot be explained simply by far-sighted self-interest or a desire to help close genealogical kin. In A Cooperative Species, Samuel Bowles and Herbert Gintis--pioneers in the new experimental and evolutionary science of human behavior--show that the central issue is not why selfish people act generously, but instead how genetic and cultural evolution has produced a species in which substantial numbers make sacrifices to uphold ethical norms and to help even total strangers. The authors describe how, for thousands of generations, cooperation with fellow group members has been essential to survival. Groups that created institutions to protect the civic-minded from exploitation by the selfish flourished and prevailed in conflicts with less cooperative groups. Key to this process was the evolution of social emotions such as shame and guilt, and our capacity to internalize social norms so that acting ethically became a personal goal rather than simply a prudent way to avoid punishment. Using experimental, archaeological, genetic, and ethnographic data to calibrate models of the coevolution of genes and culture as well as prehistoric warfare and other forms of group competition, A Cooperative Species provides a compelling and novel account of how humans came to be moral and cooperative.
Author: Jonathan B. Losos
Publisher: Princeton University Press
ISBN: 0691171874
Category : Ethnology
Languages : en
Pages : 416
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Book Description
" It is easy to think of evolution as something that happened long ago, or that occurs only in "nature," or that is so slow that its ongoing impact is virtually nonexistent when viewed from the perspective of a single human lifetime. But we now know that when natural selection is strong, evolutionary change can be very rapid. In this book, some of the world's leading scientists explore the implications of this reality for human life and society. With some twenty-five essays, this volume provides authoritative yet accessible explorations of why understanding evolution is crucial to human life--from dealing with climate change and ensuring our food supply, health, and economic survival to developing a richer and more accurate comprehension of society, culture, and even what it means to be human itself. Combining new essays with ones revised and updated from the acclaimed Princeton Guide to Evolution, this collection addresses the role of evolution in aging, cognition, cooperation, religion, the media, engineering, computer science, and many other areas. The result is a compelling and important book about how evolution matters to humans today. The contributors include Francisco J. Ayala, Dieter Ebert, Elizabeth Hannon, Richard E. Lenski, Tim Lewens, Jonathan B. Losos, Jacob A. Moorad, Mark Pagel, Robert T. Pennock, Daniel E. L. Promislow, Robert C. Richardson, Alan R. Templeton, and Carl Zimmer."--
Author: Nassim Nicholas Taleb
Publisher: Random House Digital, Inc.
ISBN: 0812979184
Category : Forecasting
Languages : en
Pages : 388
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Book Description
In the author's point of view, a black swan is an improbable event with three principal characteristics - It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don't know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the 'impossible'.
Author: Krishna R. Dronamraju
Publisher: World Scientific
ISBN: 9789812706546
Category : Science
Languages : en
Pages : 218
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Book Description
The biological wealth of our planet is represented by the biodiversity that surrounds us. Our future wellbeing depends on the care and conservation that we practice to protect and enhance that biodiversity, which resides mostly in developing countries. Yet, the holders of traditional knowledge remain poor, while those exploiting it commercially become prosperous. As we utilize recombinant DNA technology to achieve food security and other goals, serious apprehension has arisen in the public mind with regard to the impact of genetically modified crops on our environment and health. Similarly, the long-term impact of gene therapy is not known either. These dilemmas and their ethical implications are examined in this book in the context of intellectual property rights and international cooperation.
Author: Patrick Spread
Publisher: Routledge
ISBN: 0415641128
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
'Support-Bargaining, Economics and Society links support-bargaining to Darwin's theory of natural selection and traces the implications of support-bargaining and money-bargaining across society. It provides a wholly different account of the functioning of human societies from anything that has gone before. Social scientists, ever since there have been such people, have missed the crucial human characteristic - the propensity to seek support - that has given rise to group formation and the myriad activities that are feasible in groups.
Author: Nassim Nicholas Taleb
Publisher: Random House Trade
ISBN: 059324365X
Category :
Languages : en
Pages : 1873
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Book Description
The landmark five-book series--all together in one boxed set The Incerto is an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision making when we don't understand the world, expressed in the form of a personal essay with autobiographical sections, stories, parables, and philosophical, historical, and scientific discussions, in non-overlapping volumes that can be accessed in any order. The main thread is that while there is inordinate uncertainty about what is going on, there is great certainty as to what one should do about it. This boxed set includes: FOOLED BY RANDOMNESS THE BLACK SWAN THE BED OF PROCRUSTES ANTIFRAGILE SKIN IN THE GAME
Author: Patrick Spread
Publisher: Springer
ISBN: 3030052311
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
This book provides an introduction to the theory of support-bargaining and money-bargaining. Support-bargaining arises from the propensity of all individuals to seek the support of those around them and is the underlying mechanism of democratic societies. It is also the underlying mechanism of theory formation. Intellectual support-bargaining is the process by which support is assembled for ideas and theories. Mainstream economic theory, or ‘neoclassical theory’, can be seen as formulated to advance individual interest. It is mainstream because it has assembled sufficient support to give it ascendancy in academia. It reconciles private and public interest in a mathematical account of resource allocation. Money-bargaining, in contrast, explains the process of economic exchange. Transactions are based on information, so that the character of information itself influences the conduct of exchange. This volume provides a radically new explanation of the functioning of human societies that will be recognised as entirely consistent with common observation and experience.
