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THE EVOLVING FABLE OF THE TREES: POPULATION THINKING AND EVOLUTIONARY ECONOMIC ANALYSIS

By Esben Sloth Andersen

Abstract

It is increasingly recognised that population thinking is a basic characteristic of evolutionary economics. This paper demonstrates that there are several forms of population thinking. The most basic form is intra-population thinking for single populations, and this thinking easily extends to structured populations, where selection takes place at several levels. But there is also a need of applying interpopulation thinking to the co-evolution of populations and intra-to-inter population thinking to the emergence of new populations. To transform these forms of population thinking into evolutionary analyses, there is a need of simple analytical tools. The paper emphasises a simple and basic tool for intra-population thinking an its relevance for more complex forms of population thinking—Price’s equation. This little known equation provides a surprisingly powerful tool for the decomposition of short-term evolutionary change. The paper also explores additional tools for more complex forms of population thinking

Topics: Evolutionary Economic Analysis, Population Thinking, Price’s Equation, Marshall’s Evolutionary Economics JEL, O30, O402
Year: 2003
OAI identifier: oai:CiteSeerX.psu:10.1.1.198.7105
Provided by: CiteSeerX
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