An Evolutionary Theory of Resource Distribution (Part 1)

Originally published on Economics from the Top Down. The biologist Theodosius Dobzhansky famously wrote that “nothing in biology makes sense except in the light of evolution”. I propose a corollary in economics: nothing in economics makes sense except in the light of human social evolution. [1] I explore here how the evolution of human sociality […]

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Bichler and Nitzan, 'A CasP Model of the Stock Market'

ABSTRACT Most explanations of stock market booms and busts are based on contrasting the underlying ‘fundamental’ logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically different model, examining the stock market not from the mechanical viewpoint of a distorted economy, but from the dialectical perspective of […]

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No. 2014/05: Fix, "Putting Power Back Into Growth Theory" (Winner of the 2014 RECASP Essay Prize)

Working Paper No. 2014/05 Blair Fix, “Putting Power Back Into Growth Theory” * Winner of the 2014 RECASP Essay Prize * Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper […]

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