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Structure, Evidence, and Heuristic - Evolutionary Biology, Economics, and the Philosophy of Their Relationship (Hardcover)
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Structure, Evidence, and Heuristic - Evolutionary Biology, Economics, and the Philosophy of Their Relationship (Hardcover)
Series: Routledge Studies in the Philosophy of Science
Expected to ship within 12 - 17 working days
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This book is the first systematic treatment of the philosophy of
science underlying evolutionary economics. It does not advocate an
evolutionary approach towards economics, but rather assesses the
epistemic value of appealing to evolutionary biology in economics
more generally. The author divides work in evolutionary economics
into three distinct, albeit related, forms: a structural form, an
evidential form, and a heuristic form. He then analyzes five
examples of work in evolutionary economics falling under these
three forms. For the structural form, he examines the parallelism
between natural selection and economic decision making, and the
parallelism between natural selection and market competition. For
the evidential form, he looks at the relationship between animal
and human economic decision making, and the evolutionary
explanation of diversity in human economic decision making.
Finally, for the heuristic form, he focuses on the plausibility of
equilibrium modeling in evolutionary ecology and economics. In this
way, he shows that linking evolutionary biology and economics can
make for a powerful methodological tool that can enable progress in
our understanding of various economics questions. Structure,
Evidence, and Heuristic will be of interest to scholars and
advanced students working in philosophy of science, philosophy of
social science, evolutionary biology, and economics.
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