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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: ARMIN W. SCHULZ
Publisher: Routledge
ISBN: 9780367492540
Category :
Languages : en
Pages : 0
Get Book Here
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: David P. Mindell
Publisher: Harvard University Press
ISBN: 0674041089
Category : Science
Languages : en
Pages : 352
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Book Description
In the 150 years since Darwin, evolutionary biology has proven as essential as it is controversial, a critical concept for answering questions about everything from the genetic code and the structure of cells to the reproduction, development, and migration of animal and plant life. But today, as David P. Mindell makes undeniably clear in The Evolving World, evolutionary biology is much more than an explanatory concept. It is indispensable to the world we live in. This book provides the first truly accessible and balanced account of how evolution has become a tool with applications that are thoroughly integrated, and deeply useful, in our everyday lives and our societies, often in ways that we do not realize. When we domesticate wild species for agriculture or companionship; when we manage our exposure to pathogens and prevent or control epidemics; when we foster the diversity of species and safeguard the functioning of ecosystems: in each of these cases, Mindell shows us, evolutionary biology applies. It is at work when we recognize that humans represent a single evolutionary family with variant cultures but shared biological capabilities and motivations. And last but not least, we see here how evolutionary biology comes into play when we use knowledge of evolution to pursue justice within the legal system and to promote further scientific discovery through education and academic research. More than revealing evolution's everyday uses and value, The Evolving World demonstrates the excitement inherent in its applications--and convinces us as never before that evolutionary biology has become absolutely necessary for human existence.
Author: Guido Buenstorf
Publisher: Springer Science & Business Media
ISBN: 331901496X
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
This volume is devoted to innovation with a special focus on its two sides, namely creation and destruction, and on its role in the evolution of capitalist economies. The first part of the book looks at innovation and its effects on economic performance, addressing issues of motives, behavioral rules under uncertainty, actor properties, and technology characteristics. The second part concentrates on potential consequences of innovative activities, in particular structural change, the “innovation-mediated” effect of skill-oriented policies on regional performance, the destructive effects of innovation activities, and the question whether novelty is always good. The role of innovation in the evolution of capitalism itself is discussed in the third part.
Author: Manuel Scholz-Wackerle
Publisher: Routledge
ISBN: 1136008721
Category : Business & Economics
Languages : en
Pages : 405
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Book Description
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.
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: 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: Ulrich Witt
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 568
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Book Description
Evolutionary economics is a vital, expanding field of research focusing on the incessant transformation of the economy and its driving forces. Highlighting a variety of pressing economic problems, explaining causes and arriving at innovative remedies, this book considers developments in innovations, knowledge transfer, and industrial dynamics.
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: J. B. Davis
Publisher: Edward Elgar Publishing
ISBN: 085793807X
Category : Business & Economics
Languages : en
Pages : 553
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Book Description
Economic methodology has traditionally been associated with logical positivism in the vein of Milton Friedman, Karl Popper, Imre Lakatos and Thomas Kuhn. However, the emergence and proliferation of new research programs in economics have stimulated many novel developments in economic methodology. This impressive Companion critically examines these advances in methodological thinking, particularly those that are associated with the new research programs which challenge standard economic methodology. Bringing together a collection of leading contributors to this new methodological thinking, the authors explain how it differs from the past and point towards further concerns and future issues. The recent research programs explored include behavioral and experimental economics, neuroeconomics, new welfare theory, happiness and subjective well-being research, geographical economics, complexity and computational economics, agent-based modeling, evolutionary thinking, macroeconomics and Keynesianism after the crisis, and new thinking about the status of the economics profession and the role of the media in economics. This important compendium will prove invaluable for researchers and postgraduate students of economic methodology and the philosophy of economics. Practitioners in the vanguard of new economic thinking will also find plenty of useful information in this path-breaking book.
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.
