Evolutionary Economics and Psychology
AbstractEvolutionary economics is a paradigm for explaining the transformation of the economy. To achieve its goal, it needs being founded on a proper theory of economic behavior. The paper discusses these foundations. It is argued that the historical malleability of economic behavior is based on the interactions between innate behavior dispositions and adaptation mechanisms on the one hand and the limited, and always selective, cognitive and observational learning that contributes to an ever more extended and differentiated action knowledge. The implications of this interpretation are outlined in an exemplary fashion for the case of the evolution and growth of consumption. Length 29 pages
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Bibliographic InfoPaper provided by Philipps University Marburg, Department of Geography in its series Papers on Economics and Evolution with number 2006-13.
Date of creation: Oct 2006
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-10-14 (All new papers)
- NEP-CBE-2006-10-14 (Cognitive & Behavioural Economics)
- NEP-EVO-2006-10-14 (Evolutionary Economics)
- NEP-HPE-2006-10-14 (History & Philosophy of Economics)
- NEP-KNM-2006-10-14 (Knowledge Management & Knowledge Economy)
- NEP-PKE-2006-10-14 (Post Keynesian Economics)
- NEP-SOC-2006-10-14 (Social Norms & Social Capital)
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