Evolutionary Processes and History of Economics

The Lobbying, Bribery, and Compliance: An Evolutionary Model of Social Factors

Abstract Connecting to rule-makers in order to set favorable rules (lobbying) or paying government executives to bend the current rule (bribing) are the two main strategies for influencing government. This study in an evolutionary game model explain why bribing may become widespread while other states like compliance and cooperative lobbying are Pareto superior. The theoretical model is used ...

Developing Adaptive Differential Evolution as a New Evolutionary Algorithm, Application in Optimization of Chemical Processes

Solving ‎‎‎Multi-objective Optimal Control Problems of chemical ‎processes ‎using ‎Hybrid ‎Evolutionary ‎Algorithm

Evolutionary algorithms have been recognized to be suitable for extracting approximate solutions of multi-objective problems because of their capability to evolve a set of non-dominated solutions distributed along the Pareto frontier‎. ‎This paper applies an evolutionary optimization scheme‎, ‎inspired by Multi-objective Invasive Weed Optimization (MOIWO) and Non-dominated Sorting (NS) strategi...

Allusions to evolution: Edifying evolutionary biology rather than economic theory

The „selection arguments‟ advanced by Alchian (1950) and Friedman (1953) were clearly meant to boost confidence in neoclassical economics. But whereas Friedman didn‟t show the slightest reservation, Alchian warned economists “not to push their luck too far” in relying on the argument. Alchian‟s warning spurred some economists (such as Nelson and Winter) to engage with evolutionary theorizing in...

Evolutionary pattern, operation mechanism and policy orientation of low carbon economy development

The essence of low carbon economy development is a continuous evolution and innovation process of socio-economic system from traditional high carbon economy to new sustainable green low carbon economy to achieve a sustainable dynamic balance and benign interactive development of various elements between society, economy and natural ecosystem. At the current stage, China’s socio-economy is showi...