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Ulrich Witt

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Ulrich Witt

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Ulrich Witt

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Ulrich Witt

How relevant is the notion of evolution for economics? In view of the paradigmatic influence of Darwinian thought, several recently advocated interpretations are discussed first which rely on Darwinian concepts. As an alternative, a notion of evolution is suggested that is based on a few, abstract, common principles which all domain-specific evolutionary processes share, including those in the economy.

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Ulrich Witt

Ever since and "evolutionary" persective on the economy has been suggested, there have been differing, and partly incommensurable, views on what specifically this means. By working out where the differences lie and what motivates them, this paper identifies four major approaches to evolutionary economics.

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Ulrich Witt

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Ulrich Witt

Because of the intellectual attraction of the neo-Darwinian theory of evolution, its concepts are often borrowed to conceptualized evolutionary change also in non-biological domains. However, a heuristic strategy like that is problematic. An attempt therefore is made to identify generic features of evolution which transcend domain-specific characteristics. Epistemological, conceptual, and methodological implications are discussed, and the ontological question is raised how non-biological evolutionary theories can be accomodated within the Darwinian world view of modern sciences.

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Ulrich Witt

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Ulrich Witt

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Ulrich Witt