Strongly recommend reading the discussion on the linked page. It has a good overview of the issues and positions in the article.
-- Russ Abbott Professor Emeritus, Computer Science California State University, Los Angeles On Sat, Apr 2, 2022 at 11:33 AM Russ Abbott <[email protected]> wrote: > Rethinking the theoretical foundation of economics I: The multilevel > paradigm > > This article offers a new paradigm for economics: the “multilevel > paradigm,” which applies the Darwinian theory of evolution to the analysis > of economic processes. “Darwinian” refers to all > variation/selection/replication processes, not just genetic evolution, > making it highly relevant to economic theory and practice. The economy is > viewed as a system that is embedded within political, social and > environmental systems. The evolution of economic activities is understood > in terms of variation (innovation), selection (cooperative and competitive > relations that survive) and replication (transmission and proliferation of > ideas). The multilevel paradigm comes with its own definition and purpose > of economics, as the discipline that explores how resources, goods and > services can be mobilized in the pursuit of wellbeing in > thriving societies, now and in the future. We describe the prominent > characteristics of the multilevel paradigm: flexible, multiple levels of > functional organization; the primacy of social relations, ignorance as > uncertainty; multi-faceted, context-dependent wellbeing; and multilevel > evolution as progress. > > > https://drive.google.com/file/d/17mSkmB0nP1UNyrKE0LIN8-AfgD3DQGF4/view > > -- Russ Abbott > Professor Emeritus, Computer Science > California State University, Los Angeles >
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