Category: Economy

Events:

June 3, 2024

Transforming Business and Education- Leading towards Flourishing

Articles:

August 3, 2023

Evolution, Complexity, and the Third Way of Entrepreneurship: A Capstone Conversation with Victor Hwang

Entrepreneurs are not disconnected individuals, they are cooperating in a connected ecosystem.

July 20, 2023

The Nordic Third Way: A Conversation with Nina Witoszek and Atle Midttun

The Nordic nations are identified as exemplars of good governance, which avoid the excesses of both centralized planning and laissez-faire capitalism.

July 11, 2023

Ten Thousand Years of the Third Way: A Conversation with Peter Turchin

Our emergence as a species and the last ten thousand years of human history demonstrates how positive cultural change has taken place.

June 27, 2023

Evolution, Complexity, and the Third Way of Development: A Conversation with Scott Peters

There is an alternative way to promote development so governments and other agencies can produce positive social change.

June 20, 2023

The Third Way of Entrepreneurship in the Internet Age: A Conversation with Tim O’Reilly

The Internet represents the ideal model to understand The Third Way alternative to laissez-faire and centralized planning.

June 13, 2023

Urban Planning and the Third Way: A Conversation with Daniel T. O’Brien

Smart cities allow a comparison of laissez-faire, centralized planning, and the Third Way of entrepreneurship and all other forms of positive social change.

June 6, 2023

The Role of the Market in the Third Way of Entrepreneurship: A Conversation with Peter Boettke

Markets have a role to play, but they must be structured so that the cultural evolutionary process is managed to achieve whole-system goals.

May 30, 2023

The Third Way of Entrepreneurship and the Art of Public Policy: A Conversation with David Colander

There are many sectors of the economy where for-benefit corporations are a better structure than either for-profit corporations and not-for-profit corporations as currently structured.

May 25, 2023

Socialism, Capitalism, and the Third Way of National Governance: A Conversation with Geoffrey Hodgson

The failure of laissez-faire and centralized planning, revealing the need for the Third Way of entrepreneurship and all other forms of positive social change, should exist at all scales of governance.

May 23, 2023

Pragmatism as the Third Way of Entrepreneurship: A Conversation with Trygve Throntveit

Positive systemic change must be the target of selection. Alternative social practices must be oriented toward the target of selection.

May 9, 2023

Evolution, Complexity, and the Third Way of Entrepreneurship

A modern understanding of human cultural evolution reveals the conventional laissez-faire view of entrepreneurship as too simple.

May 4, 2023

A Reflection on Evolution and Economics From an Aspiring Economist

I am appreciative of all the authors who offered their advice. To me, this series effuses a sense of community that I have not found elsewhere.

May 1, 2023

My Advice to an Aspiring Economist: Don’t Be an Economist

Climate change, collapsing ecosystems, savage wealth inequality, tech monopolies, and the growing precarity of livelihoods are challenging some foundational assumptions of standard economics.

April 27, 2023

Economics Will Never Move If We Try To Change It Incrementally

Economics provides an outstanding example of the “you can’t get there from here” principle in academic cultural evolution.

April 25, 2023

Advice for Evolutionary-Minded Economics Students

Despite exciting synergies between evolution and economics, the disciplines interact less than they should. How can students blend these two fields?

April 20, 2023

A Copernican Revolution in Economics

Does evolution offer the tools for economics to take the next great leap?

April 18, 2023

Placing Economics into the Cooperative Frame

The evolutionary approach tells us we can increase the chances of our group's survival through cooperation.

April 13, 2023

Bringing Evolutionary Thinking Into Economics and Finance

For aspiring scholars, there is a wealth of options for learning about evolutionary thinking as a foundation for applications in economics.

April 11, 2023

Evolution is No Self-Seller in Economics. What Do We Do About That?

Due to the transdisciplinary nature of research on evolution, openness to engage in an interdisciplinary dialogue is required.

April 6, 2023

Do zee Chimpanzees Have zee Credit Cards?

What can an aspiring economist do to acquire an education in Evonomics on their own?

April 4, 2023

The Good, the Bad and the Ugly Truths of Being an Economist

An evolutionary perspective can bring back what’s missing from economic theory.

March 30, 2023

Italy’s Tradition of Self-Organized Services

As the cultural and economic environment in Italy has changed, the character of the cooperative movement has changed. Social and community cooperatives have played a key role in channeling these changes.

March 28, 2023

A War Between the Economy and Earth

How and why did humans become collectively configured around an economic system that places them at odds with the planetary boundaries of the Earth?

March 14, 2023

The Case for Adding Darwin to Behavioral Economics

As behavioral economics continues to evolve, it would profit from adopting an even broader interdisciplinary perspective.

March 9, 2023

The Invisible Hand is a Wishful Invention

A better metaphor for economics is that of a giant organism continually reacting to and also modifying its own environment.

March 7, 2023

Some Pessimistic Advice to an Aspiring Economist

The core assumption in modern economics is highly flawed but it can be hard to find anyone in economics departments willing to acknowledge it.

March 2, 2023

Advice to an Aspiring Economist: Introduction

This series of essays is a catalyst for change in the economics profession and how it is taught to the next generation of economists.

January 30, 2023

A New Economic Paradigm for People and Planet

October 4, 2021

Stewarding the Cultural Evolution of Complex Systems: The Case of Regenerative Agriculture

A conversation with Prof. Nicholas R. Jordan, founder of Forever Green which is one of the most ambitious efforts to transition from conventional farming practices to regenerative agriculture

August 17, 2020

The Coronavirus Pandemic, Evolutionary Sociology, and Long-Term Economic Growth in the United States

Despite the coronavirus, the per capita growth average should return to normal, just as it did in previous economic crises over the last 150 years.

April 16, 2020

The Crisis of Capitalism

We must evolve a form of capitalism that minimizes harm and maximizes benefit.

April 2, 2020

How Free-Market Ideology Resulted in the Great Recession

The evolutionary principles of variation and selection are relevant to finance because the practices of banks and related financial institutions are selected by their impact on profits.

February 27, 2020

The Cultural Evolution of Social Pathologies: Introduction to a Series of Essays by Anthony Biglan

The fact that evolutionary selection pressures so often result in social pathologies might be hard to accept, but once faced squarely it can lead to an optimistic point of view.

December 22, 2019

Beyond Individualism

The hardest thing for a fish to see is water. This adage aptly expresses the difficulty we have understanding our own cultures. We spot the foibles of other cultures--even our own cultures in the past--but are blind to our current foibles.

September 25, 2019

New Foundations for Macroeconomics

Ever since Darwin drew upon Thomas Malthus and Adam Smith, economic and evolutionary theory have been entwined throughout their histories. Yet modern macroeconomic theory has yet to incorporate developments in evolutionary theory during the last few decades.

July 16, 2018

The Evolutionary Roots of Irrationality

Homo Economicus is perhaps nothing more than an illusion. Instead, the mirror that behavioral economics and evolutionary psychology put in front of us shows us our real selves, social norms and irrational behavior included.

July 15, 2018

Humanizing Corporations: A Nobel Prize for Enlightened Business Leaders

How Per L. Saxegaard's (Business for Peace Foundation) efforts to humanize corporations can be understood from a multilevel evolutionary perspective.

June 18, 2018

You're Racist and Sexist, But It’s Not (Entirely) Your Fault

Companies are great at evaluating skills but inconsistent at evaluating temperament due to unconscious bias. These biases are, in part, a natural outcome of the human species evolving in small, homogenous groups. But new tools can help us overcome our innate biases to achieve cultural change.

March 29, 2018

Systems Engineering as Cultural Group Selection: A Conversation with Guru Madhavan

Systems engineering can be seen as an exceptionally pure form of artificial cultural group selection, which explicitly treats a physical or a social system as the unit of selection and employs highly refined processes for evolving the system’s component parts.

January 4, 2018

Are Modern Businesses a Mismatch?

The current appeal of boss-less organizations may be more than just a fad; instead it probably reflects a deeper desire for the organizational structures of the past.

June 3, 2016

America Needs to Steal Back the Nordic Model by Thom Hartmann

May 10, 2016

Sam Brownback gutted Kansas: How America’s worst governor and an ultra-conservative ideology wrecked an entire state

May 10, 2016

Evolving Organizations

Are the past systems humans have used to manage problems enough to deal with the complex environments we find ourselves in today?

May 6, 2016

Evolutionary Sports Economics

Are sports evolving?

December 14, 2015

Adam Smith is stuck without Charles Darwin

If you could change one aspect of your life during 2016, what would make you the happiest? Imagine yourself on December 31, 2016 looking back with satisfaction on 2016. What would it be? Standard economics has an answer.

September 19, 2015

Creating a Grand Coalition to Foster Human Wellbeing

September 10, 2015

Charles Darwin as the Father of Economics: A Conversation with Robert Frank

August 28, 2015

Change the Story. Survival of the Fairest Companies

July 5, 2015

The Pope, Science, and Economics. Of the Three, Economics is by far the most Detached from Reality

June 17, 2015

Is Economics Becoming A Real Science?

May 20, 2015

Evolving a More Nurturing Capitalism: A New Powell Memo

May 18, 2015

What Business Cycles Can Teach Us About Evolution

March 31, 2015

Would You Buy A New Paradigm From This Man?

January 12, 2015

How To Create A Cooperative Darwinian Economy In 23 Steps

Economics is in our nature. But it is not, as most economists promote, the narrowly self-interested kind.

June 18, 2014

A Book That Changes The Way We Think About The Economy And Government

Complexity and the Art of Public Policy is a milestone in the application of scientific knowledge to problem solving in the real world.

November 14, 2013

Alan Greenspan, Human Nature, And Charles Darwin

Chairman Greenspan again uses the wrong model of human nature.Terry Burnham's response to Alan Greenspan's <em><a href="http://www.foreignaffairs.com/articles/140161/alan-greenspan/never-saw-it-coming"><strong>Never Saw It Coming</strong></a></em> at <a href="http://www.foreignaffairs.com/articles/140161/alan-greenspan/never-saw-it-coming"><strong>Foreign Affairs</strong>.</a>

July 6, 2013

The Evolution of Hyperbolic Discounting: Implications for Truly Social Valuation of the Future

The question of discounting not only moves quickly from economics to ethics, it also leads to the search for the “deep structures” of human society and human reasoning.

July 4, 2013

Generalizing The Core Design Principles For The Efficacy of Groups

Challenging the prevailing wisdom that top-down or market-based approaches are necessary for managing environmental resources.

July 4, 2013

Phylogenetic Footprints in Organizational Behavior

How the evolutionary tool kit is useful for understanding business firms, government agencies, or universities.

July 4, 2013

Darwin’s Invisible Hand: Market Competition, Evolution And The Firm

Designing effective organizations using Darwinian selection.The key [to designing an effective organization] is not to strike some (inefficient) compromise between the interests of individuals and their group, but to work with the grain of human nature to bring individual and group interests into alignment.

July 4, 2013

A Naturalistic Theory of Economic Organization

Why are humans such a cooperative species, and what does the answer to this question mean for our understanding of the organization of modern firms and societies?

July 4, 2013

The Evolution of Trust

Evolution can provide ultimate explanations for seemingly irrational human behavior.

July 4, 2013

Evolution As A General Theoretical Framework For Economics And Public Policy

The evolutionary paradigm should be consulted by people across the political spectrum.

July 4, 2013

Prevention Science, The Tobacco Industry and Market Ideology

Evolutionary perspective suggests that there may be limiting conditions such that selfish pursuit is only beneficial to others in some circumstances.

July 4, 2013

The Role Of Writing And Recordkeeping In The Cultural Evolution Of Human Cooperation

How literate systems facilitate empathy towards strangers.

July 4, 2013

Toward A Neo-Darwinian Synthesis Of Neoclassical And Behavioral Economics

Economics is in the midst of a quiet crisis having undergone a schism forty years ago, and showing no signs of healing.

July 3, 2013

The Evolution Of Self-Organization In A Small, Complex, Economy

The decision making rules of fisherman.

July 3, 2013

Economics Special Issue

The emerging new paradigm for improving public policy.In a special issue of the Journal of Economic Behavior and Organization, more than two dozen scholars from around the world have written 13 articles with the important and difficult goal of making economics better.

June 25, 2013

Economics Is A Lost Field

A field cannot be more lost than to be clueless on its most important issues.Economists are divided on both fiscal and monetary policy, the most important economic issues of the day. The divide is on the direction of policy, not on some detail.

June 5, 2013

Breadwinner Moms: Progress Toward Equity Or Sign Of The End Times?

Few subjects polarize as neatly along conservative-progressive lines as the changing structure of the family.The end of times, it would appear, is upon us. At least that’s the word from the Fox network. The signs manifest as a Pew Research Center report, published last week, showing that mothers are now the sole or primary provider in forty percent of United States households with children.

May 19, 2013

How Fairness Depends On Your Social Status

A growing body of research indicates that we do not hold people of different social status to the same standards.A growing body of research indicates that we do not hold people of different social status to the same standards: What counts as fair for a high-status individual does not necessarily count as fair for a low-status individual.

May 15, 2013

Why Humans Took Up Farming: They Like To Own Stuff

Did private property invite agriculture?

March 6, 2013

To Become More Adaptable, Take a Lesson from Biology

Even the best of us are horrible at predicting the future.

March 1, 2013

Dismantling The Paradigm In The Social Sciences

Joe Henrich and his colleagues are shaking the foundations of psychology and economics.

February 12, 2013

The New Invisible Hand

The invisible hand does not exist - at least in its modern incarnation.

February 11, 2013

Three Waves of Evolutionary Thought

What Darwin called “this view of life” has indisputably transformed the way we think about the living world.A renewed effort to rethink humanity from an evolutionary perspective didn’t gather steam until late in the 20th century. At first the enterprise was regarded as controversial but by now it has become part of mainstream science, which can be seen by perusing the academic literature.

February 7, 2013

Return Of The Oppressed

From the Roman Empire to our own Gilded Age, inequality moves in cycles. The future looks like a rough ride.

December 9, 2012

The Gospel of Wealth Fails the Inequity Test in Primates

Darwin understood that competition was an important factor in evolution, but it wasn’t the only factor.

November 26, 2012

Chimpanzees and Bonobos May Reveal Clues to Evolution of Favor Exchange in Humans

How chimpanzees and bonobos exchange favors.

November 21, 2012

Why, As People Get Richer, Do They Have Fewer Children?

As people get richer, they have smaller families. Why?

October 3, 2012

Does Our Evolutionary History Condemn Us to Social Inequality?

Is Inequality Natural?

September 23, 2012

Inequality of Wealth. Inequality of Health.

Historical data show that rampant economic inequality results in declining standards of life for the least advantaged.

September 13, 2012

Joseph Stiglitz. The Price of Inequality. Cultural Evolution. The Evolution Institute.

Right now Ayn Randism has a much greater sway than evolutionary thinking.

September 13, 2012

Twilight of the Elites. Or the Unintended Consequences of Meritocracy

How elite competition can lead to unequal outcomes.

September 1, 2012

The Evolution of Fairness

Can examining how inequality began in a hunter-gatherer society teach us how to fairly share the costs and consequences of how we use diminishing natural resources?

August 22, 2012

Monkey Angrily Rejects Unequal Pay

We don't expect animals to understand human "inventions" like economics. Should we?

August 16, 2012

The Science of Spite Explained

People consistently chose to be vengeful or kind, with little in between, the researchers found.

August 12, 2012

“It’s A Boy!” What Does Evolutionary Theory Have To Do With Your Car?

We apply the same facial judgments to cars as we do to human faces.

July 23, 2012

Punishing Cheaters: Are We the Dark Knight—Or Just Dark?

If you could confront the pickpocket who ripped you off in the subway, would you simply demand your wallet back, or would you seek vengeance?

July 2, 2012

Lipstick, the Recession and Evolutionary Psychology

Our findings confirmed that the lipstick effect is not only real, but deeply rooted in women’s mating psychology.

June 12, 2012

Farewell, Lin Ostrom

The world lost a great human being in the passing of Elinor Ostrom.

February 18, 2012

Back to Basics with Social Theory

Our economy is built on competition – but, really, we are collaborators.

February 11, 2012

Evolution Begins to Occupy Center Stage in Economic Debates

A flurry of recent activity indicates that evolution is beginning to occupy center stage in economic debates—and not a moment too soon.A flurry of recent activity indicates that evolution is beginning to occupy center stage in economic debates—and not a moment too soon.

February 11, 2012

Five Short Questions to Gerd Gigerenzer

How can one make better inferences with less knowledge?We have shown that heuristics are often more accurate and faster in uncertain worlds than optimization methods such as multiple regression and non-linear algorithms such as neural networks. The reason is that simple models tend to be more robust than complex models with many free parameters, and are less hurt by overfitting.

February 10, 2012

Turning Evolutionary Science into a Political Narrative

A New American Story of Citizenship, the Economy, and the Role of GovernmentThe Gardens of Democracy: A New American Story of Citizenship, the Economy, and the Role of Government does a remarkably good job of distilling the science into powerful and appealing metaphors, such as the economy as like a garden that requires tending, rather than a machine that runs itself.