On the emergence of ecological and economic niches

Roberto Cazzolla Gatti (), Roger Koppl (), Brian D. Fath, Stuart Kauffman, Wim Hordijk and Robert E. Ulanowicz
Additional contact information
Roberto Cazzolla Gatti: Tomsk State University
Roger Koppl: Syracuse University
Brian D. Fath: Towson University
Stuart Kauffman: Institute for Systems Biology
Wim Hordijk: SmartAnalytiX
Robert E. Ulanowicz: University of Florida

Journal of Bioeconomics, 2020, vol. 22, issue 2, No 3, 99-127

Abstract: Abstract The origin of economic niches, conceived as potential markets, has been mostly neglected in economic theory. Ecological niches emerge as new species evolve and fit into a web of interactions, and the more species come into existence, the more (exponentially or power-law distributed) ecological niches emerge. In parallel fashion, economic niches emerge with new goods, and niche formation in economics is also exponentially or power-law distributed. In economics and ecology alike, autocatalytic processes drive the system to greater and greater diversity. Novelty begets novelty in a positive feedback loop. An autocatalytic set of self-enabling transactions feed back upon one another in combinatoric fashion to generate progressive diversity. While these combinatorial dynamics cannot be prestated, the model explains the “hockeystick of economic growth”—a pattern of prolonged stasis followed by a sudden takeoff, such as occurred during the Industrial Revolution or the Cambrian explosion in ecology. Several implications derive from our niche emergence model, including the idea that the evolutionary process of technological change is not something we do; rather, it happens to us.

Keywords: Economic niche; Ecological niche; Emergence; Autocatalysis; Theory of the adjacent possible; Evolution (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s10818-020-09295-4

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