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Darwinian Foundations for Evolutionary Economics

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  • J. W. Stoelhorst

Abstract

This paper engages with the methodological debate on the contribution of Darwinism to Veblen’s (1898) evolutionary research program for economics. I argue that ontological continuity, generalized Darwinism, and multi-level selection are necessary building blocks for an explanatory framework that can fulfill the promise of Veblen’s program. I clarify the causal logic of generalized Darwinism and suggest an ontology for the study of economic development on the basis of multi-level selection theory. Conceptualizing economic development along these lines has interesting implications for the evolutionary analysis of institutions: institutions only become units of selection in the competition between groups of individuals.

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  • J. W. Stoelhorst, 2008. "Darwinian Foundations for Evolutionary Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 42(2), pages 415-423, June.
    • Handle: RePEc:mes:jeciss:v:42:y:2008:i:2:p:415-423
    DOI: 10.1080/00213624.2008.11507150
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    Cited by:

    1. Thomas Grebel, 2011. "Innovation and Health," Books, Edward Elgar Publishing, number 14375.
    2. Luna, Ivette & de Souza Luz, Manuel Ramón & Hiratuka, Celio & Fracalanza, Paulo Sérgio, 2015. "Variação da produtividade do trabalho numa perspectiva evolucionária: aplicação da equação de Price para análise da indústria de transformação no Brasil entre 2007 e 2011 [Changes in labour product," MPRA Paper 78198, University Library of Munich, Germany.
    3. Ondřej Horký, 2011. "Falešná neutralita neoklasické teorie: feministická, antropologická, evoluční a ekologická kritika [The False Neutrality of the Neoclassical Theory: Feminist, Anthropological, Evolutionary and Ecol," Politická ekonomie, Prague University of Economics and Business, vol. 2011(3), pages 329-344.
    4. Christian Cordes, 2014. "There are several ways to incorporate evolutionary concepts into economic thinking," Papers on Economics and Evolution 2014-02, Philipps University Marburg, Department of Geography.

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