Relations between Economics and Evolutionary Theory
Keywords:
evolutionary economics, natural selection, routinesAbstract
This paper studies the relationship between economics, biology and the theory of evolution. It begins by analysing the influence that both Malthus and the early economists had on the birth of the theory of natural selection. It then looks at the reverse relationship, i.e. the transmission of ideas from evolutionary theory to economic thought, studying the ideas of Marshall, Veblen, Hayek and Schumpeter, among others. It then analyses the current state of so-called evolutionary economics, analysing the most important recent contributions, highlighting the influence of Schumpeter's ideas. Finally, some reflections are made on the topics discussed.
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