Evolutionary Biology in Economics: A Review

22 Pages Posted: 9 Jun 2016

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: June 2016

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 for 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.

Suggested Citation

Collins, Jason and Baer, Boris and Weber, Ernst Juerg, Evolutionary Biology in Economics: A Review (June 2016). Economic Record, Vol. 92, Issue 297, pp. 291-312, 2016. Available at SSRN: https://ssrn.com/abstract=2792418 or http://dx.doi.org/10.1111/1475-4932.12260

Jason Collins

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 (Contact Author)

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

Crawley, Western Australia 6009
Australia

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