Neoclassical and Austrian/evolutionary economic paradigms have different implications for integrating corporate social responsibility (corporate citizenship) and competitive strategy. porter's "Five Forces" model implicitly rests on neoclassical theory of the firm and is not easily reconciled with corporate social responsibility. Resource-based models of competitive strategy do not explicitly embrace a particular economic paradigm, but to the extent their conceptualization rests on neoclassical assumptions such as imperfect factor markets and profits as rents, these models also imply a trade-off between competitive advantage and (...) corporate social responsibility. Differences in Austrian/evolutionary economic model's assumptions about equilibrium, profits, and other economic concepts allow this paradigm to embrace alternative views of strategy such as the activities or dynamic capabilities views. These alternative views of strategy focus on learning and adaptation; they align more easily with corporate social responsibility. In practice this alignment comes about because social engagement facilitates the learning and adaptation that are a source of competitive advantage. Among the many business arguments for CSR such as improved employee morale/productivity or brand differentiation, this view prioritizes innovation. (shrink)

Human knowledge is a phenomenon whose roots extend from the cultural, through the neural and the biological and finally all the way down into the Precambrian “primordial soup.” The present paper reports an attempt at understanding this Greater System of Knowledge (GSK) as a hierarchical nested set of selection processes acting concurrently on several different scales of time and space. To this end, a general selection theory extending mainly from the work of Hull and Campbell is introduced. The perhaps most (...) drastic change from previous similar theories is that replication is revealed as a composite function consisting of what is referred to as memory and synthesis. This move is argued to drastically improve the fit between theory and human-related knowledge systems. The introduced theory is then used to interpret the subsystems of the GSK and their interrelations. This is done to the end of demonstrating some of the new perspectives offered by this view. (shrink)

The U.S. agricultural research establishment has been severely criticized by biological and physical scientists, humanists, and various activist groups. The scientists have criticized concentration on short-run problems to the neglect of basic hard science research. The humanists have criticized agricultural researchers for failing to give adequate attention to such basic values as equity, the value of family farms, environmental values, etc.Closely related to the humanists' criticisms are those of activists who have railed against (1) an alleged alliance between big agribusinesses, (...) the agricultural research establishment, and large farmers, (2) multinational corporations, (3) alleged premature development of labor-saving technology in order to dispossess small farmers and eliminate jobs for farm laborers, and (4) the creation of technology unduly emphasizing fertilizers, pesticides, and fuels derived from exhaustible fossil energy. These activists' criticisms have been offset, in part, by activists who support the status quo.This paper demonstrates that logical positivism mitigates against the objective research of intrinsic (as opposed to exchange) values needed to satisfy such criticisms. Attention is given to the advantages of placing greater reliance on pragmatism and various forms of normativism. These philosophies have distinct advantages as guides for structuring and understanding the problem-solving and issue-oriented research that the land-grant colleges of agriculture are uniquely qualified to conduct. Such practical problems and issues will be numerous as we expand land use 50 to 100 million acres, double yields, and intensify land use in the next 50 years. (shrink)

This short paper is about the generalized evolutionary approach to the economics of science. Stephen Toulmin and David Hull are pioneers of the former rather than Karl Popper whose falsification thesis was sociologically naive. Useful directions for the future would go beyond the generalities of variation, transmission and selection towards making more explicit use of Darwin’s “two great principles.” The first is “the unity of types” i.e. common descent by employing phylogenetic methods to answer historical questions. The second is “the (...) conditions of existence” i.e. natural selection by making use of general principles of evolutionary ecology and socioecology to answer questions about why something evolved. (shrink)

Ecological economics is a transdisciplinary field that seeks to integrate the study of humans and the rest of nature as the basis for the creation of a sustainable and desirable future. It seeks to dissolve the barriers between the traditional disciplines and achieve a true consilience of all the sciences and humanities. This consilient, transdisciplinary science represents a rebalancing of analysis and synthesis; a recognition of the central role of envisioning in science; a pragmatic philosophy built on complex systems theory, (...) thermodynamics, and modeling; a multiscale approach; and a consistent integration of cultural and biological coevolution. It will allow us to build a world that is both sustainable and desirable and that recognizes our fundamental partnership with the rest of nature. (shrink)

This article responds to a commentary by Christian Schubert on our 'Evolvability and Progress in Evolutionary Economics'. Our response elaborates the key disagreement between Schubert and us, namely, our views about the purpose of an account of progress in evolutionary economics.

(2010). Nature's Longing for Beauty: Elegance as an Evolutionary Attractor, with Implications for Human Systems. World Futures: Vol. 66, No. 7, pp. 504-510.

This book on the topic of ethics and poetry consists of contributions from different continents on the subject of applied ethics related to poetry. It should gather a favourable reception from philosophers, ethicists, theologians and anthropologists from Africa, Asia, Europe and Latin America and allows for a comparison of the healing power of words from various religious, spiritual and philosophical traditions. The first part of this book presents original poems that express ethical emotions and aphorism related to a philosophical questioning (...) of the grounding of our values for life. The poems are written by twelve authors coming from four continents, for whom poetic emotions are sources of artistic inspiration and that can be used for conflict resolution. In the second part, which features short essays, nine authors tackle how poems, symbolic representations, metaphorical narratives and lies impact the space of possibilities, in which we are moved to action, knowledge formation, and how we imagine the world together. (shrink)

The present paper is a survey of the economics of survival, a branch of ecological economics that stresses the preservation of the opportunities of future generations over an extended time horizon. It outlines the main analytical foundation of the branch - in which the concept of entropy is a major building block -, and its analysis of the interaction between the economic system and the environment. Regarding its outlook of the future, we see that the founders of the branch were (...) mainly concerned with the consequences of a serious depletion of natural resources - particularly the energetic capital of the earth. More recently, however, emphasis is being placed on problems that stem from the fragility of the global ecosystem in face of the disturbances caused by the entropic acceleration imposed by mankind. It is feared that the ongoing expansion of the scale of the economy may bring about irreversible damages to vital environmental functions, such as protection against undesirable consequences of solar radiation, maintenance of temperature within a range that will support life, and preservation of ecosystem resiliency. (shrink)

Contemporary Austrian‐school economists reject neoclassical welfare theory for being founded on the benchmark of a perfectly competitive general equilibrium, and instead favor a formal theory deemed consistent with the notions of radical subjectivism and disequilibrium analysis. Roy Cordato advances a bold free‐market benchmark by which to formally assess social welfare, economic efficiency, and externalities issues. Like all formalist, a priori theory, however, Cordato's reformulation cannot meet its own standards, being theoretically and empirically flawed, and perhaps ideologically suspect.

For more than a century, methodological diversity within the social sciences has been the source of recurrent paradigm wars, and no obvious winner seems to be in sight. The aim of this article is to explore the contingencies underlying this diversity. It is argued that the shared condition of complexity forces us to adopt a pragmatic perspective from which even relevant ontological and epistemological assumptions should be thought of as contextual rather than absolute. In particular, the extent to which social (...) causality is perceived as stable and universal vs. dynamic and contextual and the extent to which research-related reflexivity is an issue appear to set apart the different approaches. Towards the end of the article examples of methodological fit and misfit are provided to illustrate the relevancy of the “contingent eclecticism” observed in practice. (shrink)