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Query: faculty: "FEB" and publication year: "2005"

AuthorJ.W. Stoelhorst
TitleThe Naturalist View of Universal Darwinism: An Application to the Evolutionary Theory of the Firm
Book/source titleComplexity and the Economy
Authors/EditorsJ. Finch, M. Orillard
PublisherEdward Elgar
PlaceCheltenham
Year2005
Pages127-147
ISBN9781843766681
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam Business School Research Institute (ABS-RI)
AbstractThe purpose of this paper is to contribute to recent efforts to ground evolutionary theory in economics in the principles of Universal Darwinism. The paper contrasts two views of evolution, based on the Ultra-Darwinian and Naturalist theory of biological evolution, both of which are consistent with Darwinian principles. It is argued that the specific characteristics of the Naturalist view make it the better starting point for developing an evolutionary theory of the firm. This claim is substantiated empirically by analysing a crucial episode in the history of the semiconductor firm Intel. The paper concludes that an evolutionary theory of the firm should steer clear of analogies based on mechanisms of biological reproduction such as ‘routines as genes’.
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