Economics is in our nature. But not the narrowly self-interested kind. We evolved to survive collaboratively. Models of us that exclude our interdependence are fatally flawed. "Darwin's wedge" can ...
A new science called evolutionary economics offers fresh insights into how the business landscape isn’t controlled from the top. The answer may be found in a new science called evolutionary economics.
As we enter into the sixth year of subpar economic performance in the developed world, coupled with increasing talk of 'secular stagnation” (an admission from conventional economics that its growth ...
It took an evolutionary leap in the human species to help trigger the change from centuries of economic stagnation to a state of sustained economic growth, according to the first theory that ...
We’ll send you a myFT Daily Digest email rounding up the latest Europe news every morning. Is the discipline of economics built on sand? Most economists would answer with a resounding “no”. But most ...
Economics, history and the evolution of life are governed by the same underlying principles, implying predictable trends in all three areas, according to a new book by Geerat Vermeij, distinguished ...
In a series of books written over the past decade, Paul Ormerod has criticised orthodox economics for being too mechanistic and divorced from reality and has argued the case for a new approach. As one ...
Standard economic theory assumes that humans behave rationally and are able to objectively calculate the value (or cost) of the different choices they are presented with. In fact, we pride ourselves ...
Early in my teaching career I managed to inadvertently get most of the students in my microeconomics class mad at me, and for once, it had nothing to do with anything I said in class. The problem was ...
This article was published in Scientific American’s former blog network and reflects the views of the author, not necessarily those of Scientific American Economics is in our nature. But not the ...
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