Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85017
Authors: 
Schwesinger, Georg
Year of Publication: 
2013
Series/Report no.: 
Jena Economic Research Papers 2013-014
Abstract: 
This paper sheds new light on the concept of selection in evolutionary economics. The interpretation of natural evolution has experienced significant changes in the last decades, while these developments have been often ignored by economists. This is especially true for the concept of selection, a key concept in many evolutionary approaches. In economics as well as in biology, selection is seen as a central mechanism, which mediates for example the spread of information and innovation, the coordination of groups of agents and the optimization of their behavior. In this article we are aiming to explore the actual significance of selection as a major explanatory principle in economics. Starting with an analysis of a modern and modified understanding of the selection mechanism in nature we will draw some conclusions for its use in economics.
Subjects: 
Selection
Bioeconomics
Evo-Devo
Cultural Evolution
Multilevel Selection
JEL: 
B15
B40
B52
D03
Document Type: 
Working Paper

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