Darwinism in Economics: From Analogy to Continuity
Currently there is an ongoing discussion about how Darwinian concepts should be harnessed to further develop economic theory. Two approaches to this question, Universal Darwinism and the continuity hypothesis, are presented in this paper. It is shown whether abstract principles can be derived from Darwin’s explanatory model of biological evolution that can be applied to cultural evolution. Furthermore, the relation of the ontological basis of biological and cultural evolution is clarified. Some examples illustrate the respective potential of the two approaches to serve as a starting-point for theory development.
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|Date of creation:||Nov 2004|
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- Ulrich Witt, 2004. "On Novelty and Heterogeneity," Papers on Economics and Evolution 2004-05, Philipps University Marburg, Department of Geography. Full references (including those not matched with items on IDEAS)
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