Evolutionary economics is a relatively new economic methodology that is modeled on biology. It stresses complex interdependencies, competition, growth, and resource constraints.

As Philip Mirowski has demonstrated in his book 'More Heat than Light', the first 200 years of economic theory was modeled primarily on physics — economic terminology like "labour force", "equilibrium", "elasticity", and "velocity of money", are no accident. The principles of this construction, inspired by Newtonian mechanics, implied that the world is guided by elegant deterministic laws, based on few principles such as the principle of least action.

Conventional economic reasoning begins with the definition of scarcity, then assumes the existence of a "rational agent" bent solely on the attainment of one goal — the maximization of her/his welfare as defined by that agent. All relevant information is assumed to be held in common ("perfect information"), and the scheme of valuation ("preferences" or "tastes") used by the decision-maker is also assumed to be constant and native to the agent ("nonenvy" or "independent preferences"). Given the foregoing stipulations, the determination of the "rational choice" for any agent becomes a straightforward exercise in the differential calculus.

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UC Davis News: General Interest

Public Lecture: The Individual or the Group
Mon, 13 Oct 2008 00:00:00 -0700
Oct. 21, Tuesday -- Physicist, pacifist and independent thinker Freeman Dyson will give a free, public lecture, "The Individual or the Group?" at 7 p.m. in the AGR room of the Buehler Alumni and Visitors Center on the UC Davis campus. Dyson will discuss how his thinking on this basic question, which is at the root of our ethics, laws and politics, has been influenced by scholars in the humanities, law and evolutionary biology. Dyson has written several popular books about science and the future of mankind, including "Disturbing the Universe," "Weapons and Hope," "Origins of Life," "Infinite in All Directions," "Imagined Worlds," and "The Sun, the Genome and the Internet." He is currently professor emeritus at the Institute for Advanced Study at Princeton University. He has received numerous awards, including the Lewis Thomas Prize in 1996, honoring the Scientist as Poet. In 2000, he received the $1 million Templeton Prize for Progress in Religion from the Templeton Foundation. Dyson's visit to UC Davis is part of the Department of Physics' Centennial Speaker Series, supported by contributions from members of the department, by the Office of the Chancellor and Provost and by the dean of Mathematical and Physical Sciences.
Risque Subjects and Risky Politics
Mon, 13 Oct 2008 00:00:00 -0700
Oct. 14, Tuesday -- Back before the Internet, how did an ordinary person learn about risque subjects and risky politics? Through "little blue books," published for a nickel apiece, which sold hundreds of thousands of copies a year through much of the 20th century. Essayist, critic and blogger Scott McLemee will talk about the blue books, how ideas get out and how idea-peddlers make money from people's desire to learn on Tuesday, Oct. 14, at Bistro 33, 226 F St., Davis. His talk, "Sex, Socialism and Self-Education," will begin at 5:30 p.m. followed by a reception at 7 p.m. The event is free and open to the public. McLemee has been a maverick voice on culture and politics for more than a decade. A former contributing editor for Lingua Franca and senior writer at the Chronicle of Higher Education, in 2005 he helped start the online news journal Inside Higher Ed, where he serves as essayist at large, writing a weekly column called Intellectual Affairs. He also blogs at the online arts journal Quick Study. He is a winner of the National Book Critics Circle award for excellence in reviewing. The talk is part of the Public Intellectuals Forum, a series of public lectures sponsored by the UC Davis Humanities Institute and UC Davis Center for History, Society and Culture. For more information, contact Jennifer Langdon at (530) 754-0331 or visit http://dhi.ucdavis.edu/?page_id=651.
Latino Spin: Public Image and the Whitewashing of Race
Mon, 13 Oct 2008 00:00:00 -0700
Nov. 6, Thursday -- Illegal immigrant, tax burden, job stealer. Patriot, family-oriented, hard worker, model consumer. Since becoming the largest minority group in the U.S., Latinos have been caught between these wildly contrasting images. Arlene Davila, a cultural anthropology professor at New York University, will explore what these caricatures suggest about Latinos' shifting place in the popular and political imagination in a free public lecture on Thursday, Nov. 6, at Bistro 33, 226 F St., Davis. Her talk, "Latino Spin: Public Image and the Whitewashing of Race," will begin at 5:30 p.m. followed by a reception at 7 p.m. The event is free and open to the public. Described by Dominican-American writer Junot Diaz as "the finest, fiercest and most piercing of our public intellectuals," Davila is a professor of anthropology and American studies at New York University and the author of "Barrio Dreams: Puerto Ricans, Latinos, and the Neoliberal City" and "Latinos Inc: Marketing and the Making of a People." The talk is part of the Public Intellectuals Forum, a series of public lectures sponsored by the UC Davis Humanities Institute and UC Davis Center for History, Society and Culture. For more information, contact Jennifer Langdon at (530) 754-0331 or visit http://dhi.ucdavis.edu/?page_id=651.

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