The NC school often does refer to Darwinistic ideas -- not necessarily social darwinism -- to explain how competition works. Firms do not know they are maximizing, but those that do are selected for survival ...
This line is used when people point out that the theory makes assumptions that are ridiculous. I don't know if anyone pushed this idea before Friedman. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
