Chapter

Evolutionary Economics: Metaphor or Unifying Paradigm?

Peter A. Corning

in Holistic Darwinism

Published by University of Chicago Press

Published in print December 2005 | ISBN: 9780226116136
Published online February 2013 | e-ISBN: 9780226116334 | DOI: http://dx.doi.org/10.7208/chicago/9780226116334.003.0010
Evolutionary Economics: Metaphor or Unifying Paradigm?

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This chapter presents arguments against the concept of evolutionary economics and the view about the so-called “economic man.” It discusses the works of economist Geoffrey Hodgson and business consultant Michael Rothschild, who are advocating for a relatively new paradigm in economics that has borrowed Darwinian evolutionary concepts and adopts an evolutionary view of economic change. This chapter proposes a bioeconomic paradigm and argues that evolutionary economics, as currently framed, still falls short of a truly integrated bioeconomics.

Keywords: evolutionary economics; Geoffrey Hodgson; Michael Rothschild; economic change; bioeconomics; Darwinian evolutionary concepts

Chapter.  9030 words. 

Subjects: Evolutionary Biology

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