Why New Economics Needs a New Invisible Hand

Author: David S. Wilson

In short, the middle path between laissez-faire and centralized planning has been discovered many times, as might be expected from a cultural evolutionary perspective—but that isn’t good enough. Each discovery originates as a cultural “mutation’, often by happenstance, and spreads on the basis of its success to a degree, but then remains confined within certain cultural boundaries and is largely unknown outside its borders—somewhat like the geographical distribution of a biological species. What’s needed is a way to transcend these cultural boundaries so that all of the examples can be related to each other and understood from a unified theoretical perspective provided by a combination of evolutionary theory and complex systems theory.

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