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Author: Jean-Baptiste André
Publisher: Springer Nature
ISBN: 3031087909
Category : Science
Languages : en
Pages : 193
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Book Description
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.
Author: Jean-Baptiste André
Publisher: Springer Nature
ISBN: 3031087909
Category : Science
Languages : en
Pages : 193
Get Book Here
Book Description
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.
Author: ARMIN W. SCHULZ
Publisher: Routledge
ISBN: 9780367492540
Category :
Languages : en
Pages : 0
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Book Description
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.
Author: Geoffrey Martin Hodgson
Publisher: University of Michigan Press
ISBN: 9780472084234
Category : Business & Economics
Languages : en
Pages : 398
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Book Description
How evolutionary ideas can be used to reconstruct economics.
Author: Richard R. Nelson
Publisher: Harvard University Press
ISBN: 9780674041431
Category : Business & Economics
Languages : en
Pages : 456
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Book Description
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.
Author: Sunny Y. Auyang
Publisher: Cambridge University Press
ISBN: 9780521778268
Category : Business & Economics
Languages : en
Pages : 422
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Book Description
Analyzes approaches to the study of complexity in the physical, biological, and social sciences.
Author: Peter Hammerstein
Publisher: MIT Press
ISBN: 9780262083263
Category : Business & Economics
Languages : en
Pages : 516
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Book Description
Table of contents
Author: Armin W. Schulz
Publisher: MIT Press
ISBN: 0262546736
Category : Psychology
Languages : en
Pages : 281
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Book Description
An argument that representational decision making is more cognitively efficient, allowing an organism to adjust more easily to changes in the environment. Many organisms (including humans) make decisions by relying on mental representations. Not simply a reaction triggered by perception, representational decision making employs high-level, non-perceptual mental states with content to manage interactions with the environment. A person making a decision based on mental representations, for example, takes a step back from her perceptions at the time to assess the nature of the world she lives in. But why would organisms rely on representational decision making, and what evolutionary benefits does this reliance provide to the decision maker? In Efficient Cognition, Armin Schulz argues that representational decision making can be more cognitively efficient than non-representational decision making. Specifically, he shows that a key driver in the evolution of representational decision making is that mental representations can enable an organism to save cognitive resources and adjust more efficiently to changed environments. After laying out the foundations of his argument—clarifying the central questions, the characterization of representational decision making, and the relevance of an evidential form of evolutionary psychology—Schulz presents his account of the evolution of representational decision making and critically considers some of the existing accounts of the subject. He then applies his account to three open questions concerning the nature of representational decision making: the extendedness of decision making, and when we should expect cognition to extend into the environment; the specialization of decision making and the use of simple heuristics; and the psychological sources of altruistic behaviors.
Author: Kurt Dopfer
Publisher: Cambridge University Press
ISBN: 9781139443234
Category : Business & Economics
Languages : en
Pages : 604
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Book Description
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.
Author: Jeroen C. J. M. van den Bergh
Publisher: Cambridge University Press
ISBN: 1108470971
Category : Nature
Languages : en
Pages : 575
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Book Description
A complete account of evolutionary thought in the social, environmental and policy sciences, creating bridges with biology.
Author: Geoffrey M. Hodgson
Publisher: University of Chicago Press
ISBN: 0226346900
Category : Business & Economics
Languages : en
Pages : 303
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Book Description
A theoretical study dealing chiefly with matters of definition and clarification of terms and concepts involved in using Darwinian notions to model social phenomena.
