Standard economic textbooks usually start with the assumptions that there exists • a set of representative consumers with exogenously given, fixed preference structures, • a set of representative production units with exogenously given, fixed production functions, • a set of identical...

This essay provides an approach to the analysis of the link between Thorstein Veblen's evolutionary approach and evolutionary game theory (EGT). We shed some light on the potential contribution of Veblen's theory of socioeconomic evolution to the discussion on the application of EGT to social...

Doubts about the decidability of moral questions have often been used as an excuse for economists to eschew any normative propositions. Evolutionary economics, still lacking a well-developed normative branch, gives rise to a form of descriptive moral relativism. This paper wants to explore the...

This paper analyses the term “subsistence” to utilise it for scientific purposes. In doing so, the term will be reconstructed by an evolutionary view. Afterwards, the term will be discussed and develpoped with respect to the so-called paradox of the poverty line.

Standard economic models are based on an axiom set that epitomizes the fundamental behavioral assumptions. The present treatise moves these assumptions from the foreground to the background. The suggested change of perspective is guided by the question: what is the minimum set of foundational...

Evolutionary economics badly needs a behavioral theory of household consumption behavior, but to date only limited progress has been made on that front. Partly because Schumpeter's own writings were focused there, and partly because this has been the focus of most of the more recent empirical...

The integration process between evolutionary approach and conventional economic analysis is very essential for the next development of economic studies, especially in the fundamental concepts of modern economics: supply and demand analysis. In this presentation, we use the concept of meme to...

We demonstrate how an evolutionary agent-based model can be used to evaluate climate policies that take the heterogeneity of strategies of individual agents into account. An essential feature of the model is that the fitness of an economic strategy is determined by the relative welfare of the...

The general question of how environmental dynamics affect the behavioral interaction in an evolutionary economy is considered. To this end, a basic model of a dynamic multi-sector economy is developed where the evolution of investment strategies depends on the diversity of investment strategies,...

In this paper, I present an attempt to generalize the results of a historical case-study on the foundation of St. Petersburg and its influence on Dutch maritime shipping in the Gulf of Finland and Archangel in 1703-1740. In order to do so, I present the case itself first, followed by a...