Survival of the fittest - the principle of the market-driven economy
“economic elimination of the unfit”
- Focuses on disequilibrium processes, such as innovation (i.e.), selection, and imitation (e.g. Vons and other companies recent imitation of the Wal-Mart practice of paying low wages, having low prices, etc.). There is also a focus on dynamics, and the changes of institutions over time ("adaptation" including changing technologies, beliefs, and behaviors).
Redirect edit
I'd say, just redirect this to social Darwinism. Charles Matthews 11:31, 19 Mar 2005 (UTC)
- There is a difference between social darwinism and evolutionary economics (which this article should have been called in the first place!), I oppose such a measure.
Related Reading edit
Economists edit
- Milton Friedman - author of Free to Choose
- Joseph Schumpeter
- Leonard Darwin