STOREP CONFERENCES, STOREP 2016 - Engines of growth and paths of development in the minds of analysts, policy makers and human beings

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Inertial Rules as Evolutionary Replicators
Maurizio Caserta, Salvatore Spagano

Last modified: 2016-06-11

Abstract


This paper intends to place the inertial-rules concept within the framework of Generalised Darwinism. We are talking of a specific kind of replicator that continues to persist across generations of interactors, even when the particular environment, to which it was suitable for, is meanwhile changed. Until a selective variation intervenes, this kind of rule survives and affects economic outcomes. The inertial rule should be meant as a tool of the economic disciplinary domain for which the validity of Generalized Darwinism is asserted. Empirical evidence is offered from a backward economy of the South of Italy, which may explain different levels of growth in different regions.


Keywords


Darwinism, Complex systems, Institutions