Multilevel Selection Processes in Economics: Theory and Methods

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Abstract

The paper reviews the main directions of research in evolutionary economics related to the analysis of multilevel selection processes, where multilevel selection refers to the operation of the natural selection at individual and group level. The study reviews the history and the applications of multilevel selection approach and summarizes the main findings with respect to the role of the group in evolutionary dynamics. It also describes how the aggregate evolutionary dynamics could be decomposed into innovation and selection effects using famous George Price’ s decomposition developed for the analysis of biological evolution.

Keywords

multilevel selection group selection Price’ s decomposition 

JEL

B25 L20 

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Copyright information

© Japan Association for Evolutionary Economics 2010

Authors and Affiliations

  1. 1.Fundación de Estudios de Economía AplicadaFEDEAMadridSpain

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