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Evolutionary Biology and Evolutionary Economics

Author

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  • Elias L. Khalil

    (Ohio State University, Mansfield, USA)

Abstract

The paper identifies two major conceptual challenges facing evolutionary economics and shows how they parallel similar challenges facing evolutionary and developmental biology. One issue is the differentiation between learning-by-doing, on one hand, and habit formation, on the other. Another issue is the distinction between the cause or origin of evolutionary mutation/innovation, on one side, and the relevant unit which is the subject of evolutionary change, on the other. The failure to identify these two sets of distinction may hinder the articulation of an apropos evolutionary economic theory.

Suggested Citation

  • Elias L. Khalil, 1997. "Evolutionary Biology and Evolutionary Economics," Journal of Interdisciplinary Economics, , vol. 8(4), pages 221-244, October.
  • Handle: RePEc:sae:jinter:v:8:y:1997:i:4:p:221-244
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    File URL: http://jie.sagepub.com/content/8/4/221.abstract
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    Cited by:

    1. Michael Shermer, 2012. "Another Fatal Conceit: the lesson from evolutionary economics is bottom-up self-organization, not top-down government design," Journal of Bioeconomics, Springer, vol. 14(2), pages 167-181, July.

    More about this item

    Keywords

    learning; habits; mechanism of evolution; unit of evolution JEL classification: B4; 00;

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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