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• catalog abstract ""The traditional role of evolutionary theory in the social sciences has been to explain the existence of the object of their study in terms of the survival of the fittest. In economics, this approach has acted as a surrogate justification for hypotheses such as profit maximization or to justify the existence of institutions in terms of their overall efficiency." "This volume challenges this view and argues that one of the first tasks of economic theory should be to explain the enormous diversity of institutional arrangements that has characterized human societies. The issues covered include: evolution in the natural sciences and its implications for economics; learning and evolutionary theory; the evolution of institutional arrangements; and equilibrium selection and the evolution of norms." "The Evolution of Economic Diversity unravels the remarkable two-way traffic between economics and biology that has characterized the history of the two disciplines, and develops a notion of 'economic evolution' that is able to explain the diversity of economic institutions which is to be found in human societies. It will be welcomed by students and researchers of economics, economic methodology and the philosophy of social science."--Jacket.".
• catalog contributor b12283309.
• catalog contributor b12283310.
• catalog created "2001.".
• catalog date "2001".
• catalog date "2001.".
• catalog dateCopyrighted "2001.".
• catalog description ""The traditional role of evolutionary theory in the social sciences has been to explain the existence of the object of their study in terms of the survival of the fittest. In economics, this approach has acted as a surrogate justification for hypotheses such as profit maximization or to justify the existence of institutions in terms of their overall efficiency." "This volume challenges this view and argues that one of the first tasks of economic theory should be to explain the enormous diversity of institutional arrangements that has characterized human societies. The issues covered include: evolution in the natural sciences and its implications for economics; learning and evolutionary theory; the evolution of institutional arrangements; and equilibrium selection and the evolution of norms." "The Evolution of Economic Diversity unravels the remarkable two-way traffic between economics and biology that has characterized the history of the two disciplines, and develops a notion of 'economic evolution' that is able to explain the diversity of economic institutions which is to be found in human societies. It will be welcomed by students and researchers of economics, economic methodology and the philosophy of social science."--Jacket.".
• catalog description "Includes bibliographical references and index.".
• catalog description "Introduction: the co-evolution of economics and biology and the evolution of diversity / Antonio Nigita and Ugo Pagano -- Part I. Natural selection and the social sciences -- Origin of organizational species / Ugo Pagano -- Biological and cultural evolution: aspects of dynamics, statistics, and optimization / Marcus W. Feldman -- Evolution of evaluators / Daniel C. Dennett -- Part II. Multiplicity of learning paths -- Path-dependent learning, and the evolution of beliefs and behaviors: implications of Bayesian adaptation under computationally bounded rationality / Paul A. David -- Learning dynamics, lock-in, and equilibrium selection in experimental coordination games / Vincent Crawford -- On the dynamics of cognition and actions: an assessment of some models of learning and evolution / Giovanni Dosi, Giorgio Fagiolo and Luigi Marengo.".
• catalog description "Part III. Technical change in organizations and economic growth -- Evolutionary theories of economic change / Richard R. nelson -- Variety and irreversibility in scientific and technological systems: the evolution of an industry network / Fabio Pammolli, Luigi Orsenigo and Massim Riccaboni -- Firm as an evolutionary enforcement device / Antonio Nicita -- Part IV. Evolution of norms -- Equilibrium selection and the evolution of norms / Robert Boyd -- Endogenous interactions / George J. Mailath, Larry Samuelson and Avner Shaked -- Social networks and efficient evolutionary outcomes in recurrent common interest games / Stefano Vannucci -- Community governance: an evolutionary analysis / Samuel Bowles and Herbert Gintis -- Cooperation and exclusion in networks / Samuel Bowles and Herbert Gintis -- Evolution of money / Katsuhito Iwai.".
• catalog extent "viii, 446 p. :".
• catalog identifier "0415221927".
• catalog isPartOf "Routledge Siena studies in political economy".
• catalog issued "2001".
• catalog issued "2001.".
• catalog language "eng".
• catalog publisher "London ; New York : Routledge,".
• catalog subject "338.9 21".
• catalog subject "Economic policy.".
• catalog subject "Evolutionary economics.".
• catalog subject "HD87 .E96 2001".
• catalog tableOfContents "Introduction: the co-evolution of economics and biology and the evolution of diversity / Antonio Nigita and Ugo Pagano -- Part I. Natural selection and the social sciences -- Origin of organizational species / Ugo Pagano -- Biological and cultural evolution: aspects of dynamics, statistics, and optimization / Marcus W. Feldman -- Evolution of evaluators / Daniel C. Dennett -- Part II. Multiplicity of learning paths -- Path-dependent learning, and the evolution of beliefs and behaviors: implications of Bayesian adaptation under computationally bounded rationality / Paul A. David -- Learning dynamics, lock-in, and equilibrium selection in experimental coordination games / Vincent Crawford -- On the dynamics of cognition and actions: an assessment of some models of learning and evolution / Giovanni Dosi, Giorgio Fagiolo and Luigi Marengo.".
• catalog tableOfContents "Part III. Technical change in organizations and economic growth -- Evolutionary theories of economic change / Richard R. nelson -- Variety and irreversibility in scientific and technological systems: the evolution of an industry network / Fabio Pammolli, Luigi Orsenigo and Massim Riccaboni -- Firm as an evolutionary enforcement device / Antonio Nicita -- Part IV. Evolution of norms -- Equilibrium selection and the evolution of norms / Robert Boyd -- Endogenous interactions / George J. Mailath, Larry Samuelson and Avner Shaked -- Social networks and efficient evolutionary outcomes in recurrent common interest games / Stefano Vannucci -- Community governance: an evolutionary analysis / Samuel Bowles and Herbert Gintis -- Cooperation and exclusion in networks / Samuel Bowles and Herbert Gintis -- Evolution of money / Katsuhito Iwai.".
• catalog title "The evolution of economic diversity / edited by Antonio Nicita and Ugo Pagano.".
• catalog type "text".