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A needed amendment that explains too much and resolves little

Published online by Cambridge University Press:  20 November 2019

Slavisa Tasic
Affiliation:
The Institute of Economic Sciences, 12 Zmaj Jovina, 11000 Belgrade, [email protected]://sites.google.com/view/slavisatasic/home
Zeljka Buturovic
Affiliation:
Institute for Social Sciences, Belgrade 11000, Serbia. [email protected]://www.idn.org.rs/istr_zeljka_buturovic_eng.php?nav=istr

Abstract

Baumard's application of Life History Theory to explain the origins of economic growth is a needed amendment to incentive-based explanations of modern economics. However, even though it is grounded in evolution, the theory does not do enough to specify the relevant evolutionary mechanisms. As such, it accommodates too many alternative historic scenarios, yet remains unable to explain divergent regional patterns of economic growth.

Type
Open Peer Commentary
Copyright
Copyright © Cambridge University Press 2019 

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