Week09EarlyEvolutionaryEconomics.pptVIP

Political Economy: Evolutionary Economics Early contributions Recap Modern evolutionary theory much richer than “survival of the fittest” Feedback between organism environment Positive as well as negative feedbacks Symbiosis as well as competition Interdependence of firms/sectors as well as raw competition Collective behaviour as well as individual “Web of life”/ “Web of commerce” Directed evolution Essential concepts variation environment/organism feedback Darwin’s influence Darwin’s “Origin” published 1869 Influence substantial on Victorian mindset (from “primogenesis” to “science” to expl