Essays on Economic Change and its Theory
Chapter 3: On the proper interpretation of 'evolution' in economics and its implications for production theory
AbstractHow 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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