Darwinism in Economicsand the Evolutionary Theory of Policy-Making

According to the advocates of a “Generalized Darwinism” (GD), the three coreDarwinian principles of variation, selection and retention (or inheritance) can be used as ageneral framework for the development of theories explaining evolutionary processes inthe socioeconomic domain. Even though these are originally biological terms, GD arguesthat they can be re-defined in such a way as to abstract from biological particulars.[...]

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Year of publication:	2009
Authors:	Schubert, Christian
Institutions:	Max-Planck-Institut für Ökonomik <Jena> / Abteilung Evolutionsökonomik
Subject:	Evolution \| development \| Evolutionstheorie \| Auslese \| Ontologie

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1. Introduction
2. The position of “Generalized Darwinism”
3. Main objections
3.1. The problem of analogy
3.2. The “irrelevance hypothesis”
3.3. The Continuity Hypothesis
4. Policy and Welfare in an evolving economy
4.1. Policy Learning: The positive dimension
4.2. Do we need to worry about policy intervention?
4.3. The normative dimension
5. Concluding Remarks
References

Persistent link: https://www.econbiz.de/10005867727