Complexity And Evolution: Toward A New Synthesis For Economics

Hardcover | August 19, 2016

EditorDavid S. Wilson, Alan Kirman

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Two widely heralded yet contested approaches to economics have emerged in recent years: one emphasizes evolutionary theory in terms of individuals and institutions; the other views economies as complex adaptive systems. In this book, leading scholars examine these two bodies of theory, exploring their possible impact on economics. Relevant concepts from evolutionary theory drawn on by the contributors include the distinction between proximate and ultimate causation, multilevel selection, cultural change as an evolutionary process, and human psychology as a product of gene-culture coevolution. Applicable ideas from complexity theory include self-organization, fractals, chaos theory, sensitive dependence, basins of attraction, and path dependence.

The contributors discuss a synthesis of complexity and evolutionary approaches and the challenges that emerge. Focusing on evolutionary behavioral economics, and the evolution of institutions, they offer practical applications and point to avenues for future research.

ContributorsRobert Axtell, Jenna Bednar, Eric D. Beinhocker, Adrian V. Bell, Terence C. Burnham, Julia Chelen, David Colander, Iain D. Couzin, Thomas E. Currie, Joshua M. Epstein, Daniel Fricke, Herbert Gintis, Paul W. Glimcher, John Gowdy, Thorsten Hens, Michael E. Hochberg, Alan Kirman, Robert Kurzban, Leonhard Lades, Stephen E. G. Lea, John E. Mayfield, Mariana Mazzucato, Kevin McCabe, John F. Padgett, Scott E. Page, Karthik Panchanathan, Peter J. Richerson, Peter Schuster, Georg Schwesinger, Rajiv Sethi, Enrico Spolaore, Sven Steinmo, Miriam Teschl, Peter Turchin, Jeroen C. J. M. van den Bergh, Sander E. van der Leeuw, Romain Wacziarg, John J. Wallis, David S. Wilson, Ulrich Witt

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Two widely heralded yet contested approaches to economics have emerged in recent years: one emphasizes evolutionary theory in terms of individuals and institutions; the other views economies as complex adaptive systems. In this book, leading scholars examine these two bodies of theory, exploring their possible impact on economics. Rele...

David S. Wilson is SUNY Distinguished Professor of Biology and Anthropology at Binghamton University and President of the Evolution Institute. Alan Kirman is Emeritus Professor of Economics at Aix Marseille University and Director of Studies at the École des Hautes Études en Sciences Sociales, Aix-en-Provence.

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Format:HardcoverDimensions:408 pages, 9 × 6 × 0.81 inPublished:August 19, 2016Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0262035383

ISBN - 13:9780262035385

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This 'how-to guide' lays out a design for renovating economics and constructing a fully integrated approach to human psychology, behavior, and society. This eclectic crew of researchers has begun the challenging job of scavenging the best available tools, methods, and insights from evolutionary biology, behavioral economics, ecology, psychology, neuroscience, and anthropology and then retrofitting them in this bold scientific endeavor.