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dc.contributor.authorGowdy, John, M.
dc.contributor.authorDollimore, Denise E.
dc.contributor.authorSloan Wilson, David
dc.contributor.authorWitt, Ulrich
dc.identifier.citationGowdy , J M , Dollimore , D E , Sloan Wilson , D & Witt , U 2013 , ' Economic Cosmology and the Evolutionary Challenge ' , Journal of Economic Behavior and Organization , vol. 90 , no. Supp , pp. s11-s20 .
dc.identifier.otherPURE: 857447
dc.identifier.otherPURE UUID: b53091e9-1db9-429e-8af1-072a3f5c1ec9
dc.identifier.otherScopus: 84880327821
dc.description.abstractThe intellectual histories of economics and evolutionary biology are closely intertwined because both subjects deal with living, complex, evolving systems. Because the subject matter is similar, contemporary evolutionary thought has much to offer to economics. In recent decades theoretical biology has progressed faster than economics in understanding phenomena like hierarchical processes, cooperative behavior, and selection processes in evolutionary change. This paper discusses three very old “cosmologies” in Western thought, how these play out in economic theory, and how evolutionary biology can help evaluate their validity and policy relevance. These cosmologies are: (1) “natural man” as a rational, self-sufficient, egotistical individual, (2) competition among individuals can lead to a well-functioning society, and (3) there exists an ideal optimal state of nature. These correspond to Colander et al. (2004) “holy trinity of orthodox economics”, rationality, greed, and equilibrium. It is argued below that current breakthroughs in evolutionary biology and neuroscience can help economics go beyond these simple cosmologiesen
dc.relation.ispartofJournal of Economic Behavior and Organization
dc.subjectEconomic cosmology
dc.subjectevolutionary theory
dc.subjectrational economic man
dc.titleEconomic Cosmology and the Evolutionary Challengeen
dc.contributor.institutionDepartment of Management, Leadership and Organisation
dc.contributor.institutionSocial Sciences, Arts & Humanities Research Institute
dc.contributor.institutionGroup for Research in Organisational Evolution
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionCentre for Research on Management, Economy and Society
dc.description.statusPeer reviewed
rioxxterms.typeJournal Article/Review

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