[FRIAM] Wilson and Snower on Economics

[Russ Abbott]

Strongly recommend reading the discussion on the linked page. It has a good
overview of the issues and positions in the article.

-- Russ Abbott
Professor Emeritus, Computer Science
California State University, Los Angeles


On Sat, Apr 2, 2022 at 11:33 AM Russ Abbott <russ.abbott at gmail.com> wrote:

> Rethinking the theoretical foundation of economics I: The multilevel
> paradigm
>
> This article offers a new paradigm for economics: the “multilevel
> paradigm,” which applies the Darwinian theory of evolution to the analysis
> of economic processes. “Darwinian” refers to all
> variation/selection/replication processes, not just genetic evolution,
> making it highly relevant to economic theory and practice. The economy is
> viewed as a system that is embedded within political, social and
> environmental systems. The evolution of economic activities is understood
> in terms of variation (innovation), selection (cooperative and competitive
> relations that survive) and replication (transmission and proliferation of
> ideas). The multilevel paradigm comes with its own definition and purpose
> of economics, as the discipline that explores how resources, goods and
> services can be mobilized in the pursuit of wellbeing in
> thriving societies, now and in the future. We describe the prominent
> characteristics of the multilevel paradigm: flexible, multiple levels of
> functional organization; the primacy of social relations, ignorance as
> uncertainty; multi-faceted, context-dependent wellbeing; and multilevel
> evolution as progress.
>
>
> https://drive.google.com/file/d/17mSkmB0nP1UNyrKE0LIN8-AfgD3DQGF4/view
>
> -- Russ Abbott
> Professor Emeritus, Computer Science
> California State University, Los Angeles
>
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