Evolutionary economics: Foundation of liberal economic philosophy
Jason Potts
Abstract
Open-access reader
Jason Potts
Abstract
Open-access reader
Evolution is the process of change in an open system, an idea that owes just as much to Smith and Hayek and liberal economics as it does to Darwin and biology.
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Evolution is the process of change in an open system, an idea that owes just as much to Smith and Hayek and liberal economics as it does to Darwin and biology.
Key concepts: Evolutionary economics, Philosophy and economics, Capitalism, Schools of economic thought, Economics, Neoclassical economics, Evolutionary theory, Foundation (evidence)