The Evolution of Economic Diversity
Book Details
Format
Hardback or Cased Book
Book Series
Routledge Siena Studies in Political Economy
ISBN-10
0415221927
ISBN-13
9780415221924
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 30th, 2000
Print length
464 Pages
Weight
853 grams
Product Classification:
Economic theory & philosophy
Ksh 36,000.00
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The Evolution of Economic Diversity unravels the remarkable two-way traffic between economics and biology that has characterised the history of the two disciplines.
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.
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