Evolutionary Economics: At the Crossroads of Biology and Physics
For almost a century, evolutionary economics has been based to a significant extent on analogies derived from biology. At the same time the discipline suffered from lack of analytical rigor. Recently, advances in thermodynamics and information theory have provided a new foundation for evolutionary studies in biology and economics alike. As a result, the body of studies in evolutionary economics that imports concepts from thermodynamics and information theory to develop new analogies is growing....[Show more]
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