The Evolution of Economic Diversity
Book Details
Format
Paperback / Softback
Book Series
Routledge Siena Studies in Political Economy
ISBN-10
0415865530
ISBN-13
9780415865531
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 15th, 2014
Print length
454 Pages
Weight
860 grams
Product Classification:
Economic theory & philosophy
Ksh 9,400.00
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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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