The Psychology of Evolutionary Economic Behaviour

30 Pages Posted: 30 Jan 2017

Date Written: October 13, 2016

Abstract

This paper presents a discussion, and elaborates the significance of, the psychological model of evolutionary economic behaviour contained within the formalism developed by Markey-Towler (2016) for the foundations of economic analysis. A self-contained discussion of the relevant portions of this formalism is provided, allowing for them to be applied in the service of developing an integrated model explaining evolutionary economic behaviour on both sides of the consumption-production dichotomy. This model is shown to contain and extend prior theories of evolutionary economic behaviour, placing both these theories and their extensions within the context of a single formalism, showing them to be different aspects of the same underlying model.

Suggested Citation

Markey‐Towler, Brendan, The Psychology of Evolutionary Economic Behaviour (October 13, 2016). Available at SSRN: https://ssrn.com/abstract=2907201 or http://dx.doi.org/10.2139/ssrn.2907201

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