Chromosomes and the Slutsky Equation: Lessons from 21st Century Genetics for 20th Century Economics |
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Authors: | Jamus Jerome Lim |
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Affiliation: | (1) Regional Economic Studies, Institute of Southeast Asian Studies, 30 Heng Mui Keng Terrace, Singapore, 119614 |
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Abstract: | Reductionist scientific methodology has been at the forefront of economics research for much of the past 50 years. This short essay argues that recent discoveries in genetic engineering show that the study of complex phenomena might not be best served by such an approach, but rather by one that takes into consideration more evolutionary approaches. This provides a tremendous opportunity for the field of bioeconomics to establish itself as a major school of though, going into the future. |
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Keywords: | genetic engineering mathematical economics reductionist methodology |
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