15985
2015
eng
53
70
1
17
articler
0
2016-04-28
--
--
Does Classical Liberalism Imply an Evolutionary Approach to Policy-Making?
This paper argues that an evolutionary approach to policy-making, which emphasizes openness to change and political variety, is particularly compatible with the central tenets of classical liberalism. The chief reasons are that classical liberalism acknowledges the ubiquity of uncertainty, as well as heterogeneity in preferences and beliefs, and generally embraces gradual social and economic change that arises from accidental variation rather than deliberate, large-scale planning. In contrast, our arguments cast doubt on a different claim, namely that classical liberalism is particularly compatible with the evolutionary biological heritage of humans.
Journal of Bioeconomics
10.1007/s10818-014-9188-6
1573-698
an der BTU erstellt / created at BTU
Jan
Schnellenbach
Jan
Schnellenbach
eng
uncontrolled
Classical liberalism
eng
uncontrolled
Evolution
eng
uncontrolled
Darwinism
eng
uncontrolled
Economic policy
eng
uncontrolled
Cultural evolution
eng
uncontrolled
Institutional evolution
FG VWL, insbesondere Mikroökonomik
15828
2005
eng
101
116
1
15
articler
Philipps-University Marburg
0
2016-04-25
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--
Model Uncertainty and the Rationality of Economic Policy
This paper examines the process of economic policy-making under conditions of model uncertainty. A median voter model is introduced in which the electorate is uncertain of the policy measures available as well as their respective outcomes and opinion formation is a social process of communication and contagion. Learning from experience is also considered. It is shown that economic policy-making under uncertainty produces novel policy routines, but that a mechanism of efficiently utilising the generated knowledge is missing.
Journal of Evolutionary Economics
10.1007/s00191-004-0231-y
0936-9937
nicht an der BTU erstellt / not created at BTU
Jan
Schnellenbach
Jan
Schnellenbach
eng
uncontrolled
Economic policy
eng
uncontrolled
Model uncertainty
eng
uncontrolled
Collective beliefs
eng
uncontrolled
Collective learning
FG VWL, insbesondere Mikroökonomik