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.

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 ...

Vol. 37, No. 1, A Symposium on David Hamilton's "Evolutionary Economics: A Study of Change in Economic Thought" (Mar., 2003), pp. 133-173 (41 pages) Published By: Taylor & Francis, Ltd. The JEI has ...

IN my article last week, I shared ideas on complexity economics and suggested that our economy has become a complex, adaptive and dynamic system, where it is inherently difficult to prescribe or ...

When survival over generations is the end game, researchers say it makes sense to undervalue long shots that could be profitable and overestimate the likelihood of rare bad outcomes. Making decisions ...

Journal of Economic Issues, Vol. 46, No. 2, PAPERS FROM THE 2012 ANNUAL AFEE MEETING (JUNE 2012), pp. 419-428 (10 pages) We present a common analytical framework for evolutionary and institutional ...

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 ...

NOT FOR the first time this century, the global economy is rebounding from crisis. The new normal will differ from the old one. The pandemic shifted resources around, destroyed firms, and subtly ...

BEFORE he turned to the bigger fish that occupy the White House, Paul Krugman, an economist at Princeton University and a polemicist for the New York Times, enjoyed nothing more than frying the cranks ...

There’s no grand theory of business—nothing comparable to the theory of relativity for physics or the theory of evolution for biology. Neoclassical economic theory is the only real contender—from a ...