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Evolutionary economics is a school of economic thought that is inspired by evolutionary biology.Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change (qualitative, organisational, and structural), innovation, complex interdependencies, self-evolving systems, and limited ...
Grafen's key equations show the necessity of marginal cost and differential marginal cost, nowhere in his paper was Grafen able to show the necessity of wasteful equilibrium cost (a.k.a. handicap). Grafen's model is a model of condition dependent signalling that builds on a traditional life-history trade-off between reproduction and survival.
Experimental economics is the application of experimental methods [1] to study economic questions. Data collected in experiments are used to estimate effect size , test the validity of economic theories, and illuminate market mechanisms.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
The transdisciplinary field of ecological economics has embraced problem-based learning as a core pedagogy. A workbook developed by Joshua Farley, Jon Erickson, and Herman Daly organizes the problem-solving process into (1) building the problem base, (2) analyzing the problem, (3) synthesizing the findings, and (4) communicating the results ...
"Now, here, you see, it takes all the running you can do, to keep in the same place." — Lewis Carroll [4]. In 1973, Leigh Van Valen proposed the hypothesis as an "explanatory tangent" to explain the "law of extinction" known as "Van Valen's law", [1] which states that the probability of extinction does not depend on the lifetime of the species or higher-rank taxon, instead being constant ...
Social choice theory is a branch of welfare economics that extends the theory of rational choice to collective decision-making. [1] Social choice studies the behavior of different mathematical procedures (social welfare functions) used to combine individual preferences into a coherent whole.
"Sociobiology is now part of the core research and curriculum of virtually all biology departments, and it is a foundation of the work of almost all field biologists. " Sociobiological research on nonhuman organisms has increased dramatically and continuously in the world's top scientific journals such as Nature and Science .