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Tag: evolutionary economics

Multilevel selection theory and economics

Multilevel selection theory and economics

Article by evolutionary biologist David Sloan Wilson. Some excerpts: “Evolutionary theory’s individualistic turn coincided with individualistic turns in other areas of thought. Economics in the postwar decades was dominated by rational choice theory, which used individual self-interest as a grand explanatory principle. The social sciences were dominated by a position known as methodological individualism, which treated all social phenomena as reducible to individual-level phenomena, as if groups were not legitimate units of analysis in their own right (Campbell 1990). And…

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The evolution of pro-social institutions

The evolution of pro-social institutions

From this article in Evonomics (aka evolutionary economics). Some excerpts: “There is something very natural about prioritizing your family over other people. There is something very natural about helping your friends and others in your social circle. And there is something very natural about returning favors given to you. These are all smaller scales of cooperation that we share with other animals and that are well described by the math of evolutionary biology. The trouble is that these smaller scales of…

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