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| Title: | | Darwinism in economics and the evolutionary theory of policy-making  |
| Authors: | | Schubert, Christian |
| Issue Date: | | 2009 |
| Series/Report no.: | | Papers on economics and evolution 0910 |
| Abstract: | | According to the advocates of a Generalized Darwinism (GD), the three core Darwinian principles of variation, selection and retention (or inheritance) can be used as a general framework for the development of theories explaining evolutionary processes in the socioeconomic domain. Even though these are originally biological terms, GD argues that they can be re-defined in such a way as to abstract from biological particulars. We argue that this approach does not only risk to misguide positive theory development, but that it may also impede the construction of a coherent evolutionary approach to policy implications. This is shown with respect to the positive, instrumental and normative theories such an approach is supposed to be based upon. |
| Subjects: | | Evolution Selection Darwinism Ontology Continuity Hypothesis Evolutionary Theory of Policy-Making |
| JEL: | | A1 B4 B52 D6 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Papers on Economics and Evolution, MPI für Ökonomik
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