Evolutionary Economics: The New Frontier?
Traditional economic theories view the economy through the lens of physics with hard and fast laws, but what if the economy behaves far more like biology, adapting adjusting, and mutating as it goes. Evolutionary economics contends that the economy doesn’t so much grow; rather it evolves.
Evolutionary economics sees the economy as an interrelated complex organism, governed by human behaviour, by irrationality, not rationality. Is it the coming force in economics offering a far more realistic way of seeing the world? Don’t miss this cutting-edge discussion on the very soul of modern economics.
Host: Kevin McGahern