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    <title>Notebooks   </title>
    <link>http://bactra.org/notebooks</link>
    <description>Cosma's Notebooks</description>
    <language>en</language>

  <item>
    <title>Evolutionary Economics</title>
    <link>http://bactra.org/notebooks/2009/11/21#evol-econ</link>
    <description>




&lt;P&gt;See also &lt;a href=&quot;learning-games.html&quot;&gt;Learning in Games&lt;/a&gt;;
	&lt;a href=&quot;memes.html&quot;&gt;Memes&lt;/a&gt;;
	&lt;a href=&quot;qwerty.html&quot;&gt;QWERTY&lt;/a&gt;.  The connection to &lt;a
href=&quot;institutions.html&quot;&gt;institutional economics&lt;/a&gt; is something I want to
understand better, but then, I need to learn a lot more about institutionalism.

&lt;ul&gt;Recommended:
	&lt;li&gt;Esben Sloth Andersen, &lt;cite&gt;Evolutionary Economics:
Post-Schumpetrian Contributions&lt;/cite&gt; [The man has this hideous way of
dragging out obscure &lt;a href=&quot;social-science-methodology.html&quot;&gt;methodological&lt;/a&gt;
arguments, but once you cut through those parts, it's rather good]
	&lt;li&gt;Jenna Bednar and Scott Page, &quot;Games Theory and Culture&quot; [&lt;a
href=&quot;http://www-personal.umich.edu/~jbednar/papers.htm#culturepaper&quot;&gt;PDF&lt;/a&gt;]
	&lt;li&gt;Michel Bena&amp;iuml;m and J&amp;ouml;rgen W. Weibull, &quot;Deterministic Approximation of Stochastic Evolution in Games&quot;, &lt;cite&gt;Econometrica&lt;/cite&gt; &lt;strong&gt;71&lt;/strong&gt; (2003): 879--903 [&lt;a href=&quot;http://www.jstor.org/pss/1555525&quot;&gt;JSTOR&lt;/a&gt;]
	&lt;li&gt;Lawrence E. Blume and David Easley
		&lt;ul&gt;
		&lt;li&gt;&quot;If You're So Smart, Why Aren't You Rich?  Belief Selection
in Complete and Incomplete Markets,&quot; SFI Working Paper 01-06-031
		&lt;li&gt;&quot;Optimality and Natural Selection in Markets,&quot; &lt;a
href=&quot;http://www.santafe.edu/sfi/publications/Abstracts/98-09-082abs.html&quot;&gt;SFI
Working Paper 98-09-0 82&lt;/a&gt;
		&lt;/ul&gt;
	&lt;li&gt;Samuel Bowles, &lt;cite&gt;Microeconomics: Behavior, Institutions, and
Evolution&lt;/cite&gt;
	&lt;li&gt;Steven N. Durlauf and H. Peyton Young (eds.), &lt;cite&gt;Social
Dynamics&lt;/cite&gt; [&lt;a href=&quot;../weblog/algae-2009-02.html#durlauf-young&quot;&gt;Mini-review&lt;/a&gt;]
	&lt;li&gt;Richard W. England (ed.), &lt;cite&gt;Evolutionary Concepts in
Contemporary Economics&lt;/cite&gt; [Contains an absolutely appalling essay by a pair
of dyed-in-the-wool Althusserians, and England on entropy isn't much better; but
Hodgson is good, and so is Nelson, and the rest are at least passable]
	&lt;li&gt;Herbert Gintis, &lt;cite&gt;Game Theory Evolving: A Problem-Centered
Introduction to Modeling Strategic Interaction&lt;/cite&gt;
	&lt;li&gt;Alexis Jacquemin, &lt;cite&gt;The New Industrial Organization: Market
Forces and Strategic Behavior&lt;/cite&gt; [&quot;New&quot; in 1985, when this was published in
French as &lt;citE&gt;Selection et pouvoir dans la nouvelle economie
industrielle&lt;/cite&gt;.  Still, good on the relationships between evolutionary
processes and strategic behavior, and the weakness of the
evolution-to-optimality arguments.  The last sections, on sociobiology and the
meaning of life, are however very weak.]
	&lt;li&gt;Paul Krugman, &lt;a
href=&quot;http://www.mit.edu/~krugman/evolute.html&quot;&gt;&quot;What Economists Can Learn
from Evolutionary Theorists&quot;&lt;/a&gt;
	&lt;li&gt;Richard R. Nelson, &quot;Evolutionary Theories of Cultural Change: An
Empirical Perspective&quot; [&quot;the standard articulations of a Universal Darwinism
put forth by biologists and philosophers tends to be too narrow, in particular
too much linked to the details of evolution in biology, to fit with what is
known about cultural
evolution.&quot;  &lt;a href=&quot;http://etss.net/files/Nelson_Cultural_Change.pdf&quot;&gt;PDF
preprint&lt;/a&gt;.]
	&lt;li&gt;Nelson and Winter, &lt;cite&gt;An Evolutionary Theory of Economic
Change&lt;/cite&gt; [To be honest, I've not finished this yet, but I have gotten far
enough to agree that it deserves to be a standard work]
	&lt;li&gt;Larry Samuelson (no relation of &lt;em&gt;the&lt;/em&gt; Samuelson),
&lt;cite&gt;Evolutionary Games and Equilibrium Selection&lt;/cite&gt;
	&lt;li&gt;&lt;a
href=&quot;http://www.bonneconlab.uni-bonn.de/econlab/person.php?person_id=4&quot;&gt;Reinhard
Selten&lt;/a&gt;, &quot;Evolution, Learning, and Economic Behavior&quot;, &lt;cite&gt;Games and
Economic Behavior&lt;/cite&gt; &lt;strong&gt;3&lt;/strong&gt; (1991): 3--24 [In the form of a
dialogue between a Bayesian, an economist, an experimental psychologist, an
adaptationist biologist, a population geneticist, and an ethologist]
	&lt;li&gt;John Sutton [Finally an economist who appreciates (a) evolutionary thinking
and (b) the importance of neutrality and null models]
		&lt;ul&gt;
		&lt;li&gt;&lt;cite&gt;Technology and Market Structure: Theory and
History&lt;/cite&gt;
		&lt;li&gt;&quot;Flexibility, Profitability and Survival in an (Objective)
Model of Knightian Uncertainty&quot;
[&lt;a href=&quot;http://personal.lse.ac.uk/sutton/flexibility_profit_survival_final.pdf&quot;&gt;PDF
preprint&lt;/a&gt;.  Decision-making when the crucial variable is the indicator
function of an unmeasurable set, i.e., one which doesn't actually &lt;em&gt;have&lt;/em&gt;
a probability.]
		&lt;/ul&gt;
	&lt;li&gt;H. Peyton Young, &lt;cite&gt;Individual Strategy and Social Structure: An
Evolutionary Theory of Institutions&lt;/cite&gt;
[&lt;a href=&quot;../reviews/young-strategy-and-structure/&quot;&gt;Review: A Myopic (and
Sometimes Blind) Eye on the Main Chance, or, the Origins of Custom&lt;/a&gt;]
	&lt;/ul&gt;

&lt;ul&gt;To read:
	&lt;li&gt;Howard Aldrich, &lt;cite&gt;Organizations Evolving&lt;/cite&gt;
	&lt;li&gt;James Bergin and Barton L. Lipman, 1996, &quot;Evolution with
State-Dependent Mutations,&quot; &lt;cite&gt;Econometrica&lt;/cite&gt; &lt;strong&gt;64&lt;/strong&gt;
(1996): 943--956
	&lt;li&gt;Kenneth Boulding, &lt;cite&gt;Evolutionary Economics&lt;/cite&gt;
	&lt;li&gt;Glenn R. Carroll and Michael T. Hannan, &lt;cite&gt;The Demography of
Corporations and Industries&lt;/cite&gt;
	&lt;li&gt;Choi, &lt;cite&gt;Paradigms and Conventions&lt;/cite&gt;
	&lt;li&gt;Day and Chen (eds.), &lt;cite&gt;Non-Linear Dynamics and Evolutionary
Economics&lt;/cite&gt;
	&lt;li&gt;John De La Mothe and Gilles Paquet (eds.), &lt;cite&gt;Evolutionary
Economics and the New International Political Economy&lt;/cite&gt;
	&lt;li&gt;Delmore and Dorfer (eds.), &lt;cite&gt;The Political Economy of
Diversity: Evolutionary Perspectives on Economic Order and Disorder&lt;/cite&gt;
	&lt;li&gt;Kurt Dopfer (ed.), &lt;cite&gt;The Evolutionary Foundations of Economics&lt;/cite&gt;
	&lt;li&gt;Wendell Gordon and John Adams, &lt;cite&gt;Economics as Social Science:
An Evolutionary Approach&lt;/cite&gt;
	&lt;li&gt;Peter Hall, &lt;cite&gt;Innovation, Economics and Evolution: Theoretical
Perspectives on Changing Technology in Economic Systems&lt;/cite&gt;
	&lt;li&gt;David Boyce Hamilton, &lt;cite&gt;Evolutionary Economics: A Study of
Change in Economic Thought&lt;/cite&gt;
	&lt;li&gt;Hardy Hanappi, &lt;cite&gt;Evolutionary Economics: The Evolutionary
Revolution in the Social Sciences&lt;/cite&gt;
	&lt;li&gt;Michael T. Hannan and John Freeman, &lt;cite&gt;Organizational
Ecology&lt;/cite&gt;
	&lt;li&gt;Hodgson
		&lt;ul&gt;
		&lt;li&gt;&lt;cite&gt;Evolution and Economics: Bringing Life Back Into
Economics&lt;/cite&gt;
		&lt;li&gt;&lt;cite&gt;Economics and Institutions&lt;/cite&gt;
		&lt;/ul&gt;
	&lt;li&gt;Geoffrey M. Hodgson and Thorbjorn Knudsen, &quot;The firm as an
interactor: firms as vehicles for habits and routines&quot;, &lt;cite&gt;Journal of
Evolutionary Economics&lt;/cite&gt; &lt;strong&gt;14&lt;/strong&gt; (2004): 281--307
	&lt;li&gt;Richard N. Langlois and Paul L. Robertson, &lt;cite&gt;Firms, Markets and
Economic Change: A Dynamic Theory of Business Institutions&lt;/cite&gt;
	&lt;li&gt;Sten A. O. Thore, &lt;cite&gt;The Diversity, Complexity and Evolution of
High Tech Capitalism&lt;/cite&gt;
	&lt;li&gt;Philippe van Parijs, &lt;cite&gt;Evolutionary Explanation in the Social
Sciences&lt;/cite&gt;
	&lt;li&gt;Thorstein Veblen, &quot;Why Is Economics Not an Evolutionary Science?&quot;,
&lt;cite&gt;Quarterly Journal of Economics&lt;/cite&gt; &lt;strong&gt;12&lt;/strong&gt; (1898):
373--397[&lt;a href=&quot;http://www.jstor.org/stable/1827469&quot;&gt;JSTOR&lt;/a&gt;; &lt;a href=&quot;http://de.geocities.com/veblenite/txt/econevol.txt&quot;&gt;plain
text transcription&lt;/a&gt;]
	&lt;li&gt;Jack J. Vromen, &lt;cite&gt;Economic Evolution: An Inquiry into the
Foundations of the New Institutional Economics&lt;/cite&gt;
	&lt;/ul&gt;
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