Mendel and Mises Walk into a Bar . . .

    In the seventies Richard Dawkins acheived great fame when he wrote a book called The Selfish Gene, now I haven't actually read the book, but it does contain the idea of memes, which are units of cultural information and analogous to genes.  Memetics is quite popular and an intensive subject, spanning everything.  Anyways, the other day I was read David Boaz's Libertarianism: A Primer and he continually talks about self-organization in economies, which reminded me of evolution, and earlier I had noticed that a free market tends to behave like an ecosystem.

    So I put 2 and 2 together and here's my new theory: Economics is analogous to biology.  An economy functions as an ecosystem, different products and services evolve to satisfy consumer demand.  These competing products and services are analogous to organisms/species in biology with their genotypes determined by memes and their phenotypes by prices.  

     

Published Sun, Oct 14 2007 7:01 AM by TigerofRobare

Comments

# re: Mendel and Mises Walk into a Bar . . .@ Monday, October 15, 2007 1:20 PM

let me try to criticize this idea:

ecosystem is estabished by ......Someone,

market is established by people.

Ecosystem does not include fictional myths - like money and could not be managed by bankers with their rate of return.

Arisona experiment was a proof that people could not replicate ecosystem, only to destroy ...

by arcady

# re: Mendel and Mises Walk into a Bar . . .@ Monday, October 15, 2007 2:28 PM

An ecosystem is established by organisms in competition for resources that enable them to survive and pass on their genes.

No, an ecosystem doesn't use money.  It's an ANALOGY.  Like those human is to house as bird is to nest.

Basically I'm saying economics and biology have a lot in common and can shed light on each other.

# re: Mendel and Mises Walk into a Bar . . .@ Wednesday, February 2, 2011 10:20 PM

if you think about it. it is not just analogous to, it is a product of. every action is to better or continue the survival of that individual. and if you've read Dawkin's, this includes altrusim.

the economy is a product of many individuals seeking thier wants.

however, the government does ruin the analogy quite a bit.