Ad
related to: evolutionary biology theory definition economics science
Search results
Results From The WOW.Com Content Network
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 ...
Kenneth E. Boulding's evolutionary perspective is an approach to economics (see also evolutionary economics) put forward most completely in his Ecodynamics (1978) and Evolutionary Economics (1981) had roots in his 1934 work on population theory and the age structure of capital as well as his Reconstruction (1950) with chapter titles like "An Ecological Introduction" and "The Theory of the ...
"Uncertainty, Evolution, and Economic Theory" is an article published in 1950 which was written by economist Armen Alchian. In this article, Alchian delineates an evolutionary approach to describe firms' behavior. His theory embodies principles of biological evolution and natural selection. This article is among the first in the economics ...
Environmental determinism is a social science theory that proposes that it is the environment that ultimately determines human culture. Evolutionary economics studies the variation and selection of economic phenomena, such as commodities, technologies, institutions and organizations. [27]
The theory posits that most social systems exist in an extended period of stasis, which may be punctuated by sudden shifts leading to radical change. The theory was largely inspired by the evolutionary biology theory of punctuated equilibrium developed by paleontologists Niles Eldredge and Stephen Jay Gould.
Introduced by John Maynard Smith and George R. Price in 1972/3, [1] [2] it is an important concept in behavioural ecology, evolutionary psychology, mathematical game theory and economics, with applications in other fields such as anthropology, philosophy and political science.
The theory of evolution is widely accepted among the scientific community, serving to link the diverse speciality areas of biology. [19] Evolution provides the field of biology with a solid scientific base. The significance of evolutionary theory is summarised by Theodosius Dobzhansky as "nothing in biology makes sense except in the light of ...
Evolutionary biology is the subfield of biology that studies the evolutionary processes (natural selection, common descent, speciation) that produced the diversity of life on Earth. It is also defined as the study of the history of life forms on Earth.