Munich Personal RePEc Archive

In search of a suitable heuristic for evolutionary economics: from generalized Darwinism to economic self-organisation.

Foster, John (2021): In search of a suitable heuristic for evolutionary economics: from generalized Darwinism to economic self-organisation.

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Abstract

The generalised Darwinism heuristic for application in evolutionary economics is evaluated. Although conceptually useful, it is found to be lacking as a basis for empirical research. Instead, the economic self-organisation heuristic is offered as a viable scientific alternative which has an explicit connection with an augmented logistic diffusion methodology which can be applied directly to the modelling of historical data in phases of economic growth. It is also argued that economists cannot analyse economic evolution without the parallel involvement of researchers from other disciplines.

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