In search of a suitable heuristic for evolutionary economics: from generalized Darwinism to economic self-organisation

John Foster ()

MPRA Paper from University Library of Munich, Germany

Abstract: The generalised Darwinism heuristic for application in evolutionary economics is evaluated. Although conceptually useful, it is found to be lacking as a basis for empirical research. Instead, the economic self-organisation heuristic is offered as a viable scientific alternative which has an explicit connection with an augmented logistic diffusion methodology which can be applied directly to the modelling of historical data in phases of economic growth. It is also argued that economists cannot analyse economic evolution without the parallel involvement of researchers from other disciplines.

Keywords: Evolutionary economics; complex economic system; generalised Darwinism; economic self-organisation; logistic diffusion (search for similar items in EconPapers)
JEL-codes: B41 B5 B52 O3 O33 (search for similar items in EconPapers)
Date: 2021-02-16
New Economics Papers: this item is included in nep-evo, nep-hme, nep-hpe, nep-ore and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:106146

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