Uploaded “Natural Selection, Economics and Probability”

We uploaded an October 1987 manuscript for “Natural Selection, Economics and Probability”:

The natural selection concept achieved fame, of course, through Darwin’s Origin of Species (1859), and was applied almost at once to the social sphere. This literature has continued to the present day when it is in fact enjoying something of a revival. So, what are we doing that hasn’t already been done?

The answer is that the concept itself requires clarification. Natural selection, as used here, is a universal principle, applying to any system having variability. It is important not to tie it down to the concrete biological-genetic-demographic matrix to which it was first applied. Once
clarified, it turns out to have a remarkedly wide range of implications, albeit of a long-run character.

Published by Arnold Faden Org

Like arnoldfaden.org, this site is being run for Arnold Faden by his children while he works up to jumping more fully into the Internet age. Arnold Faden is Professor, Emeritus, Economics, Iowa State University.

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