Evonomics — Paul Krugman on Evolution and Economics

WHAT ECONOMISTS CAN LEARN FROM EVOLUTIONARY THEORISTS
A talk given to the European Association for Evolutionary Political Economy – Nov. 1996
Paul Krugman

Evonomics
Paul Krugman on Evolution and Economics
Paul Krugman

David Sloan Wilson comments.

After complaining that economic soul searching taking place since 2008 ignores evolutionary theory, I was made aware of Paul Krugman’s 1996 address to the European Association for Evolutionary Political Economy. I had read it before but upon refreshing my memory I see that it provides an excellent opportunity to reflect upon changes that have taken place in my own field of evolutionary science during the last two decades.…

In short, all of the components of economic theory that made Krugman regard evolutionary theory as a “sister field” in 1996 require foundational changes in economic theory in 2016.

Updating Paul Krugman, “Evolution Groupie”