Walras and Darwin: an odd couple?

Research output: Contribution to journalArticleAcademicpeer-review

12 Citations (Scopus)

Abstract

General equilibrium theory and the evolutionary branches of economics and game theory take rather opposite positions in the spectrum covered by the economic science. However, we reveal and explore analogies between Darwinian dynamics and Walrasian tâtonnement processes for pure exchange economies, as well as further analogies implied by these.
Original languageUndefined
Pages (from-to)561-573
Number of pages13
JournalJournal of evolutionary economics
Volume16
Issue number5
DOIs
Publication statusPublished - 2006

Keywords

  • Evolutionary game theory
  • METIS-237328
  • IR-58566
  • General equilibrium theory

Cite this

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title = "Walras and Darwin: an odd couple?",
abstract = "General equilibrium theory and the evolutionary branches of economics and game theory take rather opposite positions in the spectrum covered by the economic science. However, we reveal and explore analogies between Darwinian dynamics and Walrasian t{\^a}tonnement processes for pure exchange economies, as well as further analogies implied by these.",
keywords = "Evolutionary game theory, METIS-237328, IR-58566, General equilibrium theory",
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Walras and Darwin: an odd couple? / Joosten, Reinoud A.M.G.

In: Journal of evolutionary economics, Vol. 16, No. 5, 2006, p. 561-573.

Research output: Contribution to journalArticleAcademicpeer-review

TY - JOUR

T1 - Walras and Darwin: an odd couple?

AU - Joosten, Reinoud A.M.G.

PY - 2006

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N2 - General equilibrium theory and the evolutionary branches of economics and game theory take rather opposite positions in the spectrum covered by the economic science. However, we reveal and explore analogies between Darwinian dynamics and Walrasian tâtonnement processes for pure exchange economies, as well as further analogies implied by these.

AB - General equilibrium theory and the evolutionary branches of economics and game theory take rather opposite positions in the spectrum covered by the economic science. However, we reveal and explore analogies between Darwinian dynamics and Walrasian tâtonnement processes for pure exchange economies, as well as further analogies implied by these.

KW - Evolutionary game theory

KW - METIS-237328

KW - IR-58566

KW - General equilibrium theory

U2 - 10.1007/s00191-006-0037-1

DO - 10.1007/s00191-006-0037-1

M3 - Article

VL - 16

SP - 561

EP - 573

JO - Journal of evolutionary economics

JF - Journal of evolutionary economics

SN - 0936-9937

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