Evolutionary Biology in Economics: A Review

Collins, J; Baer, B; Weber, EJ

Evolutionary Biology in Economics: A Review

Collins, J

Baer, B Weber, EJ

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Publisher:: WILEY
Publication Type:: Journal Article
Citation:: Economic Record, 2016, 92, (297), pp. 291-312
Issue Date:: 2016-06-01

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Field	Value	Language
dc.contributor.author	Collins, J https://orcid.org/0000-0003-3073-6070
dc.contributor.author	Baer, B
dc.contributor.author	Weber, EJ
dc.date.accessioned	2022-07-27T03:15:12Z
dc.date.available	2022-07-27T03:15:12Z
dc.date.issued	2016-06-01
dc.identifier.citation	Economic Record, 2016, 92, (297), pp. 291-312
dc.identifier.issn	0013-0249
dc.identifier.issn	1475-4932
dc.identifier.uri	http://hdl.handle.net/10453/159198
dc.description.abstract	As human traits and preferences were shaped by natural selection, there is substantial potential for the use of evolutionary biology in economic analysis. In this paper, we review the extent to which evolutionary theory has been incorporated into economic research. We examine work in four areas: the evolution of preferences, the molecular genetic basis of economic traits, the interaction of evolutionary and economic dynamics, and the genetic foundations of economic development. These fields comprise a thriving body of research, but have significant scope for further investigation. In particular, the growing accessibility of low-cost molecular data will create more opportunities for research on the relationship between molecular genetic information and economic traits.
dc.language	English
dc.publisher	WILEY
dc.relation.ispartof	Economic Record
dc.relation.isbasedon	10.1111/1475-4932.12260
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	14 Economics, 15 Commerce, Management, Tourism and Services
dc.subject.classification	Economics
dc.title	Evolutionary Biology in Economics: A Review
dc.type	Journal Article
utslib.citation.volume	92
utslib.for	14 Economics
utslib.for	15 Commerce, Management, Tourism and Services
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access	*
dc.date.updated	2022-07-27T03:15:11Z
pubs.issue	297
pubs.publication-status	Published
pubs.volume	92
utslib.citation.issue	297

Abstract:

As human traits and preferences were shaped by natural selection, there is substantial potential for the use of evolutionary biology in economic analysis. In this paper, we review the extent to which evolutionary theory has been incorporated into economic research. We examine work in four areas: the evolution of preferences, the molecular genetic basis of economic traits, the interaction of evolutionary and economic dynamics, and the genetic foundations of economic development. These fields comprise a thriving body of research, but have significant scope for further investigation. In particular, the growing accessibility of low-cost molecular data will create more opportunities for research on the relationship between molecular genetic information and economic traits.

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http://hdl.handle.net/10453/159198