Heterogeneous Economic Evolution: A Different View on Darwinizing Evolutionary Economics
AbstractInspired by Peter Godfrey-Smithâ€™s book Darwinian Populations and Natural Selection (2009), the paper seeks to develop a view on Darwinizing evolutionary economics that differs from the view espoused in Hodgson and Knudsen project of Generalized Darwinism. It is argued that on Hodgson and Knudsenâ€™s view "Darwinism" is understood on such a high level of abstraction and generality that it is emptied from virtually all content and substance. Only on the basis of a very abstract, general and broad understanding of the Darwinian principles of variation, selection and replication can Hodgson and Knudsenâ€™s claim be defended that any acceptable explanation must invoke the three Darwinian principles. The price they have to pay for this, however, is that the Darwinian principles provide little, if any, heuristic guidance to further theory construction. By contrast, on the alternative view developed in the paper "Darwinism" has a definite content. On the alternative view not all economic processes are Darwinian in kind: some economic processes appear as paradigmatically Darwinian, others only as minimally Darwinian and yet others as not Darwinian at all.
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Bibliographic InfoPaper provided by Max Planck Institute of Economics, Evolutionary Economics Group in its series Papers on Economics and Evolution with number 2010-15.
Date of creation: Nov 2010
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-27 (All new papers)
- NEP-CBE-2010-11-27 (Cognitive & Behavioural Economics)
- NEP-EVO-2010-11-27 (Evolutionary Economics)
- NEP-HPE-2010-11-27 (History & Philosophy of Economics)
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