The traditional role of evolutionary theory in the social sciences
has been to explain the existence of an object in terms of the
survival of the fittest. In economics this approach has acted as a
justification for hypotheses such as profit maximisation, or the
existence of institutions in terms of their overall efficiency.
This volume challenges that view and argues that one of the first
tasks of economic theory should be to explain the enormous
diversity of institutional arrangements that has characterised
human societies.
General
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