arwin ’ s invisible hand : Market competition , evolution and the firm ominic

  • D. P. Johnsona, Michael E. Priceb, Mark Van Vugtc
  • Published 2013


Competition among firms has been suggested to reflect the ruthless logic of Darwinian selection: a free market is a struggle for survival, in which successful firms survive and unsuccessful ones die. This view appears to bolster three pillars of neoclassical economics: (1) that economic actors are self-interested; (2) that self-interest leads to public… (More)

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