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• W2214977894 abstract "This papers addresses the evolutionary characteristics of social processes from a perspective of the history of economics. The case of Alchian’s (1950) paper on ’Uncertainty and Evolution’ and the ensu- ing debate is used to illustrate how actors’ perception influenced developments in economics science. The evolutionary character of such a conception is discussed. Candidate units of evolution from economics - routines (Nelson and Winter 1982) - from human ethology/anthropology: memes (Dawkins 1979), Lorenz’ concept of social evolution (Lorenz 1973) and Cloak’s cultural instructions (1973, 1975); as well as from psychology - mental representations - (Kelly 1955) are compared.It is postulated that evolutionary processes in the social realm and thus in economics are based on the interplay between perception of actors, actions and effects on the ‘real’ world. In order to operationalize the notion of evolution, personal construct theory, developed by George Kelly (1955), is employed. Personal construct theory aims at identifying the mental representation of actors and relating it to real world phenomena. While interpretation of the original article allows the argument that Alchian was in favor of an evolutionary analogy, he seems to have retracted later from this position. This discussion shows that part of the criticism of evolutionary economics was and is based on a faulty or outdated reception of evolutionary theory, e.g. in the case of Edith Penrose (1952), as well as a probably erroneous judgement on the cost and benefits of a ’paradigm change’ in the case of Friedman (1953). Friedman’s argument depends on assumptions about the degree of selection pressure acting in a social system.The conceptualization of economic evolution reached on the basis of this discussion and results from the research area of complex adaptive systems suggests that an evolutionary conception of social processes forms a general case, while neo-classical/mainstream theory results present a special case.I propose to give attention to actors’ mental representations on the basis of historic documents and align these with artifacts and/or actions in the real world in order to test for evolutionary characteristics. The dichotomous nature of human perception in mental representation can explain the erratic nature of some economic processes and in combination with hierarchical organization mental inertia. The interplay of these characteristics gives rise to some of the phenomena that evolutionary economics deals with. Some initial thoughts on a large-scale, statistical analysis of documents are developed. Issues in such an enterprise are discussed." @default.
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• W2214977894 date "2003-08-29" @default.
• W2214977894 modified "2023-09-24" @default.
• W2214977894 title "History of Economics and Evolutionary Economics" @default.
• W2214977894 hasPublicationYear "2003" @default.
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