An evolutionary perspective on economic behavior has to account for the influences that thehuman genetic endowment has on the choices the agents make. Likely to have been fixed intimes of fierce selection pressure, this endowment is presumably adapted to the livingconditions of early humans. If...

It has been suggested that, by generalizing Darwinian principles, a common foundation can bederived for all scientific disciplines dealing with evolutionary processes, especially forevolutionary economics. In this paper we show, however, that the principles of such a“Generalized Darwinism”...

We examine the status of the maximization hypothesis in the positive economic theory ofrational choice. We argue that, contrary to a common belief, the maximization hypothesisdoes not play any role in large areas of positive rational choice theory. In contexts where itdoes, it is not logically...