Complexity and Evolution Toward a New Synthesis for Economics

by Wilson, David S.; Kirman, Alan

• ISBN13: 9780262035385
• ISBN10: 0262035383
• Edition: 1st
• Format: Hardcover
• Copyright: 2016-08-19
• Publisher: The MIT Press

Summary

An exploration of how approaches that draw on evolutionary theory and complexity science can advance our understanding of economics.

Two widely heralded yet contested approaches to economics have emerged in recent years: one emphasizes evolutionary theory in terms of individuals and institutions; the other views economies as complex adaptive systems. In this book, leading scholars examine these two bodies of theory, exploring their possible impact on economics. Relevant concepts from evolutionary theory drawn on by the contributors include the distinction between proximate and ultimate causation, multilevel selection, cultural change as an evolutionary process, and human psychology as a product of gene-culture coevolution. Applicable ideas from complexity theory include self-organization, fractals, chaos theory, sensitive dependence, basins of attraction, and path dependence.

The contributors discuss a synthesis of complexity and evolutionary approaches and the challenges that emerge. Focusing on evolutionary behavioral economics, and the evolution of institutions, they offer practical applications and point to avenues for future research.

Contributors
Robert Axtell, Jenna Bednar, Eric D. Beinhocker, Adrian V. Bell, Terence C. Burnham, Julia Chelen, David Colander, Iain D. Couzin, Thomas E. Currie, Joshua M. Epstein, Daniel Fricke, Herbert Gintis, Paul W. Glimcher, John Gowdy, Thorsten Hens, Michael E. Hochberg, Alan Kirman, Robert Kurzban, Leonhard Lades, Stephen E. G. Lea, John E. Mayfield, Mariana Mazzucato, Kevin McCabe, John F. Padgett, Scott E. Page, Karthik Panchanathan, Peter J. Richerson, Peter Schuster, Georg Schwesinger, Rajiv Sethi, Enrico Spolaore, Sven Steinmo, Miriam Teschl, Peter Turchin, Jeroen C. J. M. van den Bergh, Sander E. van der Leeuw, Romain Wacziarg, John J. Wallis, David S. Wilson, Ulrich Witt

Author Biography

David S. Wilson is SUNY Distinguished Professor of Biology and Anthropology at Binghamton University and President of the Evolution Institute.

Alan Kirman is Emeritus Professor of Economics at Aix-Marseille University and Director of Studies at the École des hautes études en sciences sociales, Aix-en-Provence.

David S. Wilson is SUNY Distinguished Professor of Biology and Anthropology at Binghamton University and President of the Evolution Institute.

Alan Kirman is Emeritus Professor of Economics at Aix-Marseille University and Director of Studies at the École des hautes études en sciences sociales, Aix-en-Provence.

Alan Kirman is Emeritus Professor of Economics at Aix-Marseille University and Director of Studies at the École des hautes études en sciences sociales, Aix-en-Provence.

David S. Wilson is SUNY Distinguished Professor of Biology and Anthropology at Binghamton University and President of the Evolution Institute.

Alan Kirman is Emeritus Professor of Economics at Aix-Marseille University and Director of Studies at the École des hautes études en sciences sociales, Aix-en-Provence.

Paul W. Glimcher is Associate Professor of Neural Science and Psychology at the Center for Neural Science, New York University.

Herbert Gintis is Emeritus Professor of Economics at the University of Massachusetts and External Faculty at the Santa Fe Insitute.

Herbert Gintis is Emeritus Professor of Economics at the University of Massachusetts and External Faculty at the Santa Fe Insitute.

Paul W. Glimcher is Associate Professor of Neural Science and Psychology at the Center for Neural Science, New York University.

Enrico Spolaore is is Professor of Economics at Tufts University.

Peter J. Richerson is Distinguished Professor Emeritus at the University of California, Davis, and Visiting Professor at the Institute of Archaeology at University College London. He is the author of Not By Genes Alone: How Culture Transformed Human Evolution.

Scott E. Page is Associate Professor of Political Science, Complex Systems, and Economics at the University of Michigan.

David S. Wilson is SUNY Distinguished Professor of Biology and Anthropology at Binghamton University and President of the Evolution Institute.