Map of Maylandsea

Map of Maylandsea on Darwinian competitive economics. The natural selection metaphor in economics came into the forefront with Armen Alchian’s (1950) seminal contribution. His idea was simply to apply Darwinian natural selection to competition among firms. Firms are selected on the basis of the rules they put into operation and the actions they take based on these rules. The firms that use the better rules are selected in competitive environment. Those that do not, do not survive. It does not matter whether these firms know what rules are best; it is simply a matter of outcome as the firms adopting the best rules will be the profit maximizers. Map of Maylandsea 2016.

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Map of Maylandsea

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Map of Maylandsea

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Map of Maylandsea

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Map of Maylandsea

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