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Building on the philosophy of Charles Sanders Peirce, recent advances in biosemiotics have resulted into a concise framework for the analysis of signs in living systems. This paper explores the potential for economics and shows how biosemiotics can integrate two different research agendas, each...
Persistent link: https://www.econbiz.de/10008749237
Building on the philosophy of Charles Sanders Peirce, recent advances in biosemiotics have resulted into a concise framework for the analysis of signs in living systems. This paper explores the potential for economics and shows how biosemiotics can integrate two different research agendas, each...
Persistent link: https://www.econbiz.de/10014189725
Recently, the maximum entropy principle has been applied to explain the evolution of complex non-equilibrium systems, such as the Earth system. I argue that it can also be fruitfully deployed to reconsider the classical treatment of entropy in economics by Georgescu-Roegen, if the growth of...
Persistent link: https://www.econbiz.de/10014194176
Recently, the maximum entropy principle has been applied to explain the evolution of complex non-equilibrium systems, such as the Earth system. I argue that it can also be fruitfully deployed to reconsider the classical treatment of entropy in economics by Georgescu-Roegen, if the growth of...
Persistent link: https://www.econbiz.de/10003989394
Recently, Glimcher has proposed a reductionist model of choice which directly reduces a modified version of economic utility theory to neuroscience. I propose an alternative conceptual framework that adopts the position of externalism, which I further narrow down to a distributed cognition...
Persistent link: https://www.econbiz.de/10013123446
signaling explanation for this phenomenon. In our model, exclusivity-seeking consumers must infer product quality from its price …
Persistent link: https://www.econbiz.de/10012826978
In Georgescu-Roegen's classical, though controversial discussion of entropy in relation to economics, the dualism of mechanical and subjective time plays a pivotal role. I argue that this fundamental distinction also inheres modern approaches to maximum entropy. Following Searle, I introduce the...
Persistent link: https://www.econbiz.de/10013133694
This is a the first draft of the eighth chapter of my book ‘Foundations of Evolutionary Economics' which is going to be published by Edward Elgar in due course. With permission of the publisher, the draft chapters are posted on the web to facilitate academic discussion for further...
Persistent link: https://www.econbiz.de/10013091492
In Georgescu-Roegen’s classical, though controversial discussion of entropy in relation to economics, the dualism of mechanical and subjective time plays a pivotal role. I argue that this fundamental distinction also inheres modern approaches to maximum entropy. Following Searle, I introduce...
Persistent link: https://www.econbiz.de/10003979784
Economists are divided about population growth: the pessimism of neo-Malthusians contrasts strongly with the optimism of cornucopians. Despite their differences, both schools of thought reject economic orthodoxy and prefer evolutionary forms of theory. Their interpretations of evolution are...
Persistent link: https://www.econbiz.de/10013217332