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fliessgleichgewicht

"An organism is not a static system closed to the outside and always containing the identical components; it is an open system in a (quasi-) steady state . . . in which material continually enters from, and leaves into, the outside environment." - Ludwig von Bertalanffy

Thursday, February 26, 2009

Perhaps it's time, evolutionary economists argue, to focus less on finding the best way to foresee the economic future and more on explaining how the economy works. That discovery may lie in modeling the economy as a complex system based upon the three core concepts of Darwinism: variation, selection, and inheritance. "We're not saying it's identical. We're not saying the mechanisms are the same," Hodgson says. "The key issue is whether there is an ontological similarity in terms of the structure of reality that crosses the two domains, that's similar in biology and similar in the economic sphere."

Posted by Cameron Jasper at 12:04 PM
Labels: Chaos, complexity, economics, SEED

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I am a graduate student in Biology at SF State. I study social insects. twitter.com/CameronJasper

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