Foundations of economic evolution: a treatise on the natural philosophy of economics
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cheltenham [u.a.]
Elgar
2013
|
| Series: | New horizons in institutional and evolutionary economics
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XXXI, 663 S. graph. Darst. |
| ISBN: | 9781847204745 |
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| 245 | 1 | 0 | |a Foundations of economic evolution |b a treatise on the natural philosophy of economics |c Carsten Herrmann-Pillath |
| 264 | 1 | |a Cheltenham [u.a.] |b Elgar |c 2013 | |
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Record in the Search Index
| _version_ | 1804150442443145216 |
|---|---|
| adam_text | Contents
List of Figures
xii
Preface
xvi
1.
ONTOLOGY
1
1.1
The naturalistic turn in economics and the
physical nature of knowledge
1
1.1.1
The changing nature of economics
1
1.1.2
The meaning of naturalism
2
1.1.3
Natural Philosophy: Hegel and Peirce
4
1.1.4
The Aristotelian notion of causal explanation
6
1.1.5
The Principle of Bimodality
9
1.1.6
Externalism and naturalism in economics
13
1.2
Towards a principled theory of economics:
Impossibility theorems on mind
15
1.2.1
Impossibility theorems and theory construction
15
1.2.2
The Hayek impossibility theorem on brain and mind
18
1.2.3
The gap between brain and mind
20
1.2.4
Peircian triadism
21
1.2.5
Minds are signs
24
1.2.6
Naturalizing Wittgenstein s Private Language argument
26
1.2.7
The externalist approach to brain and mind
27
1.2.8
The two worlds
29
1.2.9
Signs and existence
31
1.3
Observer relativity and the
semiotic
triad:
Knowledge as a physical structure
32
1.3.1
Observer independent and observer relative facts
32
1.3.2
The emergence of information
34
1.3.3
Fisher information and dynamic epistemics
36
1.3.4
The fundamental
semiotic
triad in knowledge generation
38
1.3.5
Semiotic
realism and the semioverse
44
1.3.6
Physical information generation
46
1.4
Consilience and economic analysis
49
1.4.1
Four approaches to reality
49
1.4.2
Implications for economics as a science
52
1.4.3
Consilience
56
Foundations of economic evolution
2.
CAUSATION
62
2.1
Thermodynamics and knowledge
62
2.1.1
The conceptual framework of Thermodynamics
62
2.1.2
Entropy and generation of information
66
2.1.3
Entropy and observation
69
2.2
Randomness
72
2.2.1
Entropy: The view from Natural Philosophy
72
2.2.2
Randomness: Observer relative or observer independent?
74
2.2.3
Lessons taught by Maxwell s demon
76
2.2.4
Propensities and probabilities
78
2.2.5
Individuals as a fundamental ontological category
81
2.3
Emergent information and the Second Law
84
2.3.1
Regularities as kinds of constraints on change
84
2.3.2
Evolution of knowledge as evolution of constraints
86
2.3.3
Growth of knowledge as expression of the Second Law
88
2.3.4
Irreversibility and causation
90
2.3.5
The Second Law and finality
93
2.3.6
Triadic causal modes, generation
ofinformation
and irreversibility
97
2.4
Functions and Maximum Entropy Production
103
2.4.1
Fundamental forms of functions
103
2.4.2
Autocatalytic functions and hypercycles
105
2.4.3
Lotka
s
Maximum Power Principle
109
2.4.4
Maximum Power and Maximum Entropy Production
112
2.4.5
Maximum Entropy Production and the Constructal Law
115
2.5
Physiosemiosis and
Gaia
118
2.5.1
Kauffman s Fourth Law restated in triadic terms
118
2.5.2
PIDs as self-referential heat engines
121
2.5.3
A measure for evolving information in physiosemiosis
123
2.5.4
Emergent hierarchies in physiosemiosis and
Gaia
126
2.5.5
Maximum Entropy Production in the Earth System
129
3.
EVOLUTION
135
3.1
Evolution, entropy and information
135
3.1.1
The meanings of evolution
135
3.1.2
Dissipation of energy and origins of life
137
3.1.3
Entropy and evolution: Fundamentals
139
3.1.4
Evolution maximizes Fisher information
143
3.2
The theory of selection
147
3.2.1
Price s equation and heredity
147
3.2.2
Fisher s Fundamental Theorem as an impossibility theorem
149
Contents
3.2.3 Fitness and
maximum
entropy
152
3.3
Hierarchies and the many dimensions of evolution
157
3.3.1
Synchrony and diachrony in evolution
157
3.3.2
The different ways of biology
160
3.3.3
Levels of selection, group selection and semiosis
163
3.3.4
Price s equation approach to group selection
166
3.3.5
Triadic analysis of groups
170
3.4
The causal structure of evolution
172
3.4.1
The standard model of evolutionary causation
172
3.4.2
Triadic analysis of biological information and the replicator
177
3.4.3
Species, functions, groups
180
3.4.4
Co-evolution of constraints and multi-level evolution
184
3.4.5
Inclusive inheritance
186
3.5
Frequency dependency, complexity of adaptation and
МЕР
189
3.5.1
Analytical primacy of frequency dependency
in evolutionary theory
189
3.5.2
Exaptation
193
3.5.3
The Red Queen Principle
194
3.5.4
Size, complexity and Maximum Entropy in evolution
198
3.5.5
The Handicap Principle, size and metabolism
201
4.
INDIVIDUALS
208
4.1
The methodological status of individualism and rationality
in the evolutionary approach to economics
208
4.1.1
Individualism, methodological and evolutionary
208
4.1.2
The tension between externalism and internalism
in the economic theory of the individual
209
4.1.3
Brains, minds and individuals
212
4.1.4
Minds as systems of interpretance
216
4.2
Cooperation, energy and the evolution of the brain
218
4.2.1
Brains as exaptatively emergent adaptations
218
4.2.2
Signalling and brain evolution
221
4.2.3
Enabling brains for living in groups
225
4.2.4
Brain evolution, groups and energy
228
4.3
Brain semiosis, externalism
and the emergence of group mindedness
232
4.3.1
Connectionism
232
4.3.2
Neuromemes and somatic markers
235
4.3.3
Basic
semiotic
patterns of causation in the brain
237
4.3.4
The naturalistic view on language
243
4.4
Dual selves, wants and needs
246
viii
Foundations of
economic
evolution
4.4.1
Dual selves approaches in the neurosciences and economics
246
4.4.2
The semiotics of Acting Self and Object Self
249
4.4.3
Human choice and levels of evolution
251
4.4.4
Wants and needs
254
4.5
Identity
259
4.5.1
Personal and social identity
259
4.5.2
Identity and group markers
264
4.5.3
Emotions
266
4.5.4
Consumption, status and happiness
269
5.
NETWORKS
275
5.1
Networks, individuals and signs
275
5.1.1
Networks, groups and distributed agency
275
5.1.2
Bimodality of networks
278
5.1.3
Causation and network structure: Methodological implications
283
5.2
Growth of information in evolving networks
286
5.2.1
Information, entropy and non-integral networks
286
5.2.2
Ascendency and growth
290
5.3
Dimensions of evolving network structure
296
5.3.1
Transaction, communication, perception
296
5.3.2
Information externalities
300
5.3.3
Interaction costs and the emergence of hypercycles
302
5.3.4
Triadic view on network structure
305
5.4Network structure and information diffusion in networks
308
5.4.1
Biological constraints on network evolution and group size
308
5.4.2
Group size and patterns of information diffusion
311
5.4.3
The in-group/out-group distinction
314
5.4.4
Imitation and frequency dependency of network processes
317
5.4.5
Human society
320
5.5
Trust, power and status
322
5.5.1
The trust dilemma in large groups
322
5.5.2
Capabilities and functions in network evolution
324
5.5.3
Power as foundational category in evolutionary network theory
328
5.5.4
Social capital
331
5.5.5
Status and frequency-dependent network dynamics
336
6.
INSTITUTIONS
340
6.1
The multi-faceted nature of institutions
340
6.1.1
Naturalizing institutions
340
6.1.2
Diverse approaches to institutions
343
6.1.3
Institutions as network regularities
347
Contents
6.1.4 Institutions
and technology
348
6.2
Institutional semiosis:
Emergence of institutions from networks
351
6.2.1
The substantive view on institutions
351
6.2.2
Institutional semiosis
354
6.2.3
Induction and the primordial emergence of institutions
358
6.2.4
Metaphors and hypercyclic abstraction of regularities
362
6.2.5
Emergence of abstract rules as institutions
364
6.3
Institutions and cognition
366
6.3.1
Institutions and language
366
6.3.2
Status functions as metaphors
369
6.3.3
Cognitive path dependence of institutions
372
6.3.4
An impossibility theorem on institutional evolution
376
6.4Performativity of institutions
378
6.4.1
Performing institutions
378
6.4.2
Case study: The emergence of early money
382
6.4.3
Performativity of money
387
6.4.4
Evolutionary
microfoundations
of the theory of institutions
390
6.5
Culture, cognition and the diversity of institutions
393
6.5.1
Functional equivalence of different kinds of institutions
393
6.5.2
A simple taxonomy of institutions
397
6.5.3
Culture and institutional diversity: China and Europe
402
6.6
The evolution of power and the emergence of institutions
405
6.6.1
The specialization dilemma
405
6.6.2
Power projection and scope of institutions
408
6.6.3
Agriculture and formal institutionalization
411
6.6.4
The biology of institutions
415
6.6.5
The general evolutionary model of institutions
419
7.
TECHNOLOGY
424
7.1
Technology and human nature
424
7.1.1
Human niche construction by means of technology
424
7.1.2
Technological evolution, human intentionality and alienation
426
7.1.3
The analytical irrelevance of consumption
429
7.1.4
Technology and multi-level evolution
432
7.2
Technology as embodied knowledge
434
7.2.1
Artefacts and actors
434
7.2.2
Kinds of knowledge, design and technological functions
436
7.2.3
Technological semiosis
439
7.2.4
Routines
443
7.3
Evolutionary trajectories of technological creativity
447
Foundations of economic evolution
7.3.1
Artefacts as replicators in technological evolution
447
7.3.2
The problem of technological taxonomy
448
7.3.3
Branching out of technologies
451
7.3.4
Technological creativity
455
7.3.5
Standardization and the evolving state space of technology
459
7.4
Technology, production and energy
463
7.4.
і
Consumption as production
463
7.4.2
Technology and entropy
466
7.4.3
Hypercyclic leveraging
of energy throughputs by technological evolution
469
7.4.4
The transition to agriculture
471
7.4.5
The modern carbon-based economy
474
7.4.6
Technology, energy transformations and
МЕР
478
7.4.7
The Anthropocene
482
7.4.8
The technosphere
485
7.5
Power and group selection of technology
488
7.5.1
The role of the military in technological innovation
488
7.5.2
Power projection and social organization of means of violence
491
7.5.3
Red Queen effects in institutional group selection
494
7.5.4
A natural
experimentum
cruciş:
China vs. Europe
497
8.
MARKETS
504
8.1
Performing the artefact of markets
in human networks
504
8.1.1
Markets as evolving networks
504
8.1.2
Performativity of economics and marketization
507
8.1.3
Markets in the context of general evolution
510
8.2
Markets as institutions:
Uncertainty and networked valuation
513
8.2.1
Trust and the asset specificity
of specializing on market opportunity
513
8.2.2
The fundamental problem
of the uncertainty of comparative advantage
517
8.2.3
Prices and market clearing
519
8.2.4
Asset valuation, markets and networks
522
8.2.5
The institutional nature of market valuation
526
8.2.6
Market states as institutions
530
8.3
Power and the institution of money
532
8.3.1
Money and credit
532
8.3.2
Government and trust into money
534
8.3.3
The institution of credit
538
8.3.4
Trust and status in monetary evolution
542
8.4
Prices as social facts
545
Contents xi
8.4.1 The fundamental
incompleteness of
arbitrage
545
8.4.2
The complexity of collective price-setting
547
8.4.3
Reconsidering the simple supply and demand framework
550
8.4.4
Market clearing across many markets: Macroeconomics
554
8.5
Transactional capabilities
and firms as market replicators
558
8.5.1
Social capital and transaction enabling transactions
558
8.5.2
Dimensions of networks
and scope of market transactions
560
8.5.3
Firms, markets and networks
564
8.6
Firms, markets and human labour
571
8.6.1
Firms and the measurement of entrepreneurial input
571
8.6.2
Limitations to mobility of labour
and corporate governance
573
8.6.3
The performativity of incentive systems
576
8.6.4
Fairness and wages as institutions
580
8.7
Markets and general evolution
584
8.7.1
Money, credit and growth
584
8.7.2
Market dynamics and
entropie
principles
587
8.7.3
The growth of markets
591
References
596
Index
656
|
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| indexdate | 2024-07-10T00:38:59Z |
| institution | BVB |
| isbn | 9781847204745 |
| language | English |
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| spelling | Herrmann-Pillath, Carsten 1959- Verfasser (DE-588)120965275 aut Foundations of economic evolution a treatise on the natural philosophy of economics Carsten Herrmann-Pillath Cheltenham [u.a.] Elgar 2013 XXXI, 663 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier New horizons in institutional and evolutionary economics Evolutorische Wirtschaft (DE-588)4232912-7 gnd rswk-swf Naturphilosophie (DE-588)4041408-5 gnd rswk-swf Evolutorische Wirtschaft (DE-588)4232912-7 s Naturphilosophie (DE-588)4041408-5 s DE-604 Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026051626&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Herrmann-Pillath, Carsten 1959- Foundations of economic evolution a treatise on the natural philosophy of economics Evolutorische Wirtschaft (DE-588)4232912-7 gnd Naturphilosophie (DE-588)4041408-5 gnd |
| subject_GND | (DE-588)4232912-7 (DE-588)4041408-5 |
| title | Foundations of economic evolution a treatise on the natural philosophy of economics |
| title_auth | Foundations of economic evolution a treatise on the natural philosophy of economics |
| title_exact_search | Foundations of economic evolution a treatise on the natural philosophy of economics |
| title_full | Foundations of economic evolution a treatise on the natural philosophy of economics Carsten Herrmann-Pillath |
| title_fullStr | Foundations of economic evolution a treatise on the natural philosophy of economics Carsten Herrmann-Pillath |
| title_full_unstemmed | Foundations of economic evolution a treatise on the natural philosophy of economics Carsten Herrmann-Pillath |
| title_short | Foundations of economic evolution |
| title_sort | foundations of economic evolution a treatise on the natural philosophy of economics |
| title_sub | a treatise on the natural philosophy of economics |
| topic | Evolutorische Wirtschaft (DE-588)4232912-7 gnd Naturphilosophie (DE-588)4041408-5 gnd |
| topic_facet | Evolutorische Wirtschaft Naturphilosophie |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026051626&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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