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Mainstream economics has attempted to become a value-free 'hard science', but ecological economists argue that value-free economics is generally not realistic. Ecological economics is more willing to entertain alternative conceptions of utility , efficiency , and cost-benefits such as positional analysis or multi-criteria analysis.
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 ...
Okun's law, in economics: when unemployment increases by 1%, the annual GDP decreases by 2%. Orgel's rules, in evolutionary biology, are a set of axioms attributed to the evolutionary biologist Leslie Orgel: First rule: "Whenever a spontaneous process is too slow or too inefficient a protein will evolve to speed it up or make it more efficient."
By stotting (also called pronking), a springbok (Antidorcas marsupialis) signals honestly to predators that it is young, fit, and not worth chasing.. Within evolutionary biology, signalling theory is a body of theoretical work examining communication between individuals, both within species and across species.
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 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 ...
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".
"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 .