The Evolutionary Foundations of Economics

University of Western Australia Economics Discussion Paper 15.09

44 Pages Posted: 29 Apr 2015

See all articles by Jason Collins

Jason Collins

The University of Western Australia - UWA Business School

Boris Baer

The University of Western Australia - Plant Energy Biology

Ernst Juerg Weber

The University of Western Australia - UWA Business School

Multiple version iconThere are 3 versions of this paper

Date Written: March 29, 2015

Abstract

As human traits and preferences were shaped by natural selection, there is substantial potential for the use of evolutionary biology in economic analysis. In this paper, we review the extent to which evolutionary theory has been incorporated into economic research. We examine work in four areas: the evolution of preferences, the molecular genetic basis of economic traits, the interaction of evolutionary and economic dynamics, and the genetic foundations of economic development. These fields comprise a thriving body of research, but have significant scope of further investigation. In particular, the growing accessibility of low cost molecular data will create more opportunities for research on the relationship between molecular genetic information and economic traits.

Keywords: human evolution, heritability, preferences, genoeconomics, economic development

JEL Classification: Z00

Suggested Citation

Collins, Jason and Baer, Boris and Weber, Ernst Juerg, The Evolutionary Foundations of Economics (March 29, 2015). University of Western Australia Economics Discussion Paper 15.09. Available at SSRN: https://ssrn.com/abstract=2599805 or http://dx.doi.org/10.2139/ssrn.2599805

Jason Collins (Contact Author)

The University of Western Australia - UWA Business School ( email )

Crawley, Western Australia 6009
Australia

Boris Baer

The University of Western Australia - Plant Energy Biology ( email )

Crawley, Western Australia 6009
Australia

Ernst Juerg Weber

The University of Western Australia - UWA Business School ( email )

Crawley, WA 6009
Australia

Register to save articles to
your library

Register

Paper statistics

Downloads
307
Abstract Views
1,366
rank
96,690
PlumX Metrics