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- Title
Darwinian Foundations for Evolutionary Economics.
- Authors
Stoelhorst, J. W.
- Abstract
This paper engages with the methodological debate on the contribution of Darwinism to Veblen's (1898) evolutionary research program for economics. I argue that ontological continuity, generalized Darwinism, and multi-level selection are necessary building blocks for an explanatory framework that can fulfill the promise of Veblen's program. I clarify the causal logic of generalized Darwinism and suggest an ontology for the study of economic development on the basis of multi-level selection theory. Conceptualizing economic development along these lines has interesting implications for the evolutionary analysis of institutions: institutions only become units of selection in the competition between groups of individuals.
- Subjects
EVOLUTIONARY economics; ECONOMIC development; BIOLOGICAL evolution; NATURAL selection; SOCIAL Darwinism; VEBLEN, Thorstein, 1857-1929; ECONOMICS
- Publication
Journal of Economic Issues (Association for Evolutionary Economics), 2008, Vol 42, Issue 2, p415
- ISSN
0021-3624
- Publication type
Article
- DOI
10.1080/00213624.2008.11507150