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On the role of intentionality in evolutionary economic change

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  • Muñoz, Félix-Fernando
  • Encinar, María-Isabel
  • Cañibano, Carolina

Abstract

One important challenge to evolutionary economics consists of tackling the paradoxical relationship between purposeful human action and the 'blindness' of evolutionary processes. We argue that the theoretical treatment of intended action is a prerequisite for venturing beyond the phenomenological explanation of evolutionary processes. If so, evolutionary processes are not (at least completely) 'blind'. Of course, not every change in a society is a consequence of purposeful action. However, even if not every action were intended and not every novelty were the consequence of pursuing particular goals, the evolution of individual intentions and pursued goals (micro-level) is a key process in explaining economic change. In this context, an evolutionary efficiency criterion is proposed.

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Bibliographic Info

Article provided by Elsevier in its journal Structural Change and Economic Dynamics.

Volume (Year): 22 (2011)
Issue (Month): 3 (September)
Pages: 193-203

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Handle: RePEc:eee:streco:v:22:y:2011:i:3:p:193-203

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Web page: http://www.elsevier.com/locate/inca/525148

Related research

Keywords: Intentionality Evolving capabilities Economic change Evolutionary efficiency;

References

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  1. Brian J. Loasby, 2001. "Time, knowledge and evolutionary dynamics: why connections matter," Journal of Evolutionary Economics, Springer, vol. 11(4), pages 393-412.
  2. Geoffrey Hodgson & Thorbjørn Knudsen, 2006. "Dismantling Lamarckism: why descriptions of socio-economic evolution as Lamarckian are misleading," Journal of Evolutionary Economics, Springer, vol. 16(4), pages 343-366, October.
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  7. Boulding, K E, 1991. "What Is Evolutionary Economics?," Journal of Evolutionary Economics, Springer, vol. 1(1), pages 9-17, January.
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  20. Peter Earl & Tim Wakeley, 2010. "Alternative perspectives on connections in economic systems," Journal of Evolutionary Economics, Springer, vol. 20(2), pages 163-183, April.
  21. Richard Nelson, 2007. "Comment on: Dismantling Lamarckism: why descriptions of socio-economic evolution as Lamarckian are misleading, by Hodgson and Knudsen," Journal of Evolutionary Economics, Springer, vol. 17(3), pages 349-352, June.
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Cited by:
  1. Félix-Fernando Muñoz & María-Isabel Encinar, 2014. "Intentionality and the emergence of complexity: an analytical approach," Journal of Evolutionary Economics, Springer, vol. 24(2), pages 317-334, April.

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