There are several ways to incorporate evolutionary concepts into economic thinking
No 2014-02, Papers on Economics and Evolution from Philipps University Marburg, Department of Geography
This article reviews the most important transfers of this kind into evolutionary economics. It broadly differentiates between approaches that draw on an analogy construction to the biological sphere, those that make metaphorical use of Darwinian ideas, and avenues that are based on the fact that other forms of â€“ cultural â€“ evolution rest upon foundations laid before by natural selection. It is shown that an evolutionary approach within economics informed by insights from cognitive science, evolutionary biology, and anthropology contributes to more realistic models of human behavior in economic contexts.
Keywords: evolutionary economics; human behavior; biological evolution; cultural evolution; generalized Darwinism; continuity hypothesis; Neo-Schumpeterians; American Institutionalism; competition (search for similar items in EconPapers)
JEL-codes: B15 B25 B52 D03 Z1 (search for similar items in EconPapers)
Pages: 14 pages
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-gro, nep-his, nep-hme, nep-hpe and nep-neu
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