How to understand Evolutionary Economics ... find your way around ...
Evolutionary Economic Theory - the science of choice introduces Evolutionary Economics & Adaptive Efficiency, Economic Growth & Enabling Environments, Wealth Creation & Cooperative Synergies and Technological Innovation & Survival Know How.
Neo-Classical Theory - Nobel Prize winners since 1969
1. Science - why Western Europe? why 1500 AD?
Scientific & Industrial Revolution - Torts, Trade & Technology (essay notes)
Science of Choice - Evolutionary Economic Theory - Complex Adaptive Systems (one theory of consilience)
2. Democracy - why the rapid spread in the late 20th century?
Spread of Democracy - Universal Declaration of Human Rights (essay notes)
Economies of Scale - Vote with your Feet and join Clubs of your Choice - Global Markets (pregnant with moral & economic significance)
3. Markets - why is wealth creation so difficult to plan?
Failure of Planning - The Fatal Conceit (essay notes)
Synergies of Specialisation & Trade - Adam the Smith - 'Theory of Moral Sentiments' (trust & cooperation) and 'Wealth of Nations' (division of labour and 'pin factories')
4. Innovation - why is wealth all about survival 'know how' and not other factors of production?
Economic Policy Consensus - Structural Reforms (essay notes)
Discovery & Accumulation - The Case for Business - 'fairness of shares' (Supply & Demand clears gluts & queues) and 'resentment of cheats' (immunity from Parasites & Predators)
Science & Ignorance (observation, theory, hypotheses, experiments, peer review)
Natural Selection (copy/vary/select)
Survival Behaviour (complexity/change/conflict & scarcity)
Cooperative Synergies (synergies of specialisation & scale)
Freedom & Democracy (torts, trade, technology, parasites & predators)
Markets & Tools (diversity & choice)
Planning & Problems (ignorance & unintended consequences)
Innovation & Survival (flip flopping emotions discover 'know how' and memory & reason accumulate 'know how')
Some Fun with Evolutionary Economics - lighten up! the dismal science can be fun!
Apapa Generators - 'ghosts from the past' ... education under the soap pans in Apapa?
Mitochondrial Eve - 'only time helped, the truth was in the future' ... how on earth do you choose a wife? ... or did she do the choosing?
Ricardo's Friends - 'folk mulled over the possibilities, investigated their ideas & learned a trade' ... trade & technology paved the way?
Tommy Jeffers - 'folk quarreled somewhat and it all got bloody messy' ... inventing freedom & democracy?
Dickie Dawkins - 'nice guys finish first but folk got all mixed up, conned and confused' ... a Pandora's Box of cooperation & trust?
Joe Sixpack - 'genetic costs & benefits' ... deep cultural history?
Emergent Puzzles - 'the penny has to drop' ... do you believe in evolution?
Intelligent Design - 'all messy, complicated, conflicting, changing & scarce' ... plausible deliberate rational purposeful intentional plans aren't what they seem to be?
Gardens of Forking Paths - 'perhaps time itself evolved' ... labyrinths & evolutionary metaphors?
Kelsall Pulpit - 'moral sentiments are not illusions' ... a few notes about science & religion?
War in Iraq - 'cultural tit for tat' ... freedom fighters or terrorists?
Jimmy Watt - 'happenings just happen' ... the 2nd law of thermodynamics?
Creative Destruction - 'differential survival' of 'parasites & predators' ... and coin clippers?
Historical Evidence - 'unfathomable notions' ... is the evidence in biological history?
Just So Stories - 'evolutionary explanations for everything' ... ignorance and beliefs, but do you believe in the fun of Rudyard Kipling or the fun of Charles Darwin?
Criticisms ... natural selection is a very simple idea but the penny has to drop ... perhaps critics are tilting at windmills and building four straw men ... here are the four myths for you to have some fun with and debunk when the penny has dropped -
Economics is not a science?
Behaviour is not biology?
Morality is not an adaptation?
Human Intention, or intelligent design, is not just an experiment in the imagination?
Evolutionary Economic Quotations - Science & Ignorance - Natural Selection - Survival Behaviour - Cooperative Synergies - Freedom & Democracy - Markets & Tools - Planning & Problems - Innovation & Survival.
Joint Stock Companies - the case for business (PowerPoint presentation)
Geoffrey Hodgson - 'Darwinism in Economics - from Analogy to Ontology'
Evolutionary Economics 2000 at The Open University = Complex Adaptive Systems
Bibliography - here are a few sources from the great & the good
Evolutionary Economics Links - interesting?