Biology and Economics: Metaphors that Economists usually take from Biology
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Abstract
Adam Smith, Alfred Marshall, Stanley Jevons, Karl Marx, Francois Quesnay and Joseph Schumpeter all have at least one thing in common: they used biological metaphors when speaking about economics. Nonetheless, today, this relation subsists and biology and economics are viewed as complementary sciences that have a lot to gain from joint research in fields like: evolutionary economics, economic growth, cognitive economics and environmental and ecological economics, among others. This paper, divided in four sections, will show this conclusion and explain that biology and economics are more sisters than strangers
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References
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Ami, D., P. Cartigny and A. Rapaport (2005), “Can Marine Protected Areas Enhance Both Economic And Biological Situations?”, C.R. Biologies, 328: 357-366.
Bainbridge, W.S. (2003), “The Future in Social Sciences”, Futures, 35: 633-650.
Biology, Economics and Mortality”, http://www.sfu.ca/~robson/wwgo.pdf
Castle, E.N. (1999), “Natural Resource and Environmental Economics: A Retrospective View”, Review of Agricultural Economics, 21(2): 288-304.
De Mandeville, B. (1714), The Fable of the Bees: Or private vices, publick benefits.
Doherty Jr., P.F., E.A. Marschall and T.C. Grubb, (1999), “Balancing Conservation and Economic Gain: A Dynamic Programming Approach”, Ecological Economics, 29: 349-358.
Fulmer, J.L. (1942), “Relationship of the Cycle in Yields of Cotton and Apples to Solar and Sky Radiation”, The Quarterly Journal of Economics, 56(3): 385-405.
Galor, O. and O. Moav (2002), “Natural Selection and the Origin of Economic Growth”, Quarterly Journal of Economics, 67(4): 1133-1191.
Garcia-Mata, C. and F.I. Shaffner (1934), “Solar and Economic Relationships: A Preliminary Report”, The Quarterly Journal of Economics, 49(1): 1-51.
Ghiselin, M. (1995), “Perspective: Darwin, Progress, and Economic Principles”, Evolution, 49(6): 1029-1037.
Ghiselin, M. (2000), “A Bibliography for Bioeconomics”, Journal of Bioeconomics, 2: 233-270.
Ghiselin, M.T. (1978), “The Economy of the Body”, The American Economic Review, 68(2): 233-237.
Gottfried, R.R., R. Twilley and V. Rivera (1997), “The Utility of a Dynamic Model to Address Ecological-Economic Interactions: Shrimp Ponds and Mangroves in the Guayas River Estuary, Ecuador”, http://136.142.158.105/LASA97/gottfried.pdf
Gowdy, J. (1997), “Introduction: Biology and Economics”, Structural Change and Dynamic Economcs, 8: 377-383.
Gowdy, J. and I. Seidl (2004), “Economic Man and Selfish Genes: the Implications of Group Selection for Economic Valuation and Policy”, Journal of Socio-Economics, 33: 343-358.
Greenfield, S.M. and A. Strickon (1981), “A New Paradigm for the Study of Entrepreneurship and Social Change”, Economic Development and Cultural Change, 29(3): 467-499.
Hammerstein, P. and E.H. Hagen (2005), “The Second Wave of Evolutionary Economics in Biology”, Trends in Ecology and Evolution, 20(11): 604-609.
Hannon, B. (1997), “The Use of Analogy in Biology and Economics from Biology to Economics, and Back”, Structural Change and Economic Dynamics, 8: 471-488.
Hirshleifer, J. (1978), “Competition, Cooperation, and Conflict in Economics and Biology”, The American Economic Review, 68(2): 238-243.
Hisrshleifer, J. (1977), “Economics from a Biological Point of View”, Journal of Law and Economics, 20(1): 1-52.
Hodgson, G. (1996), “An Evolutionary Theory of Long Term Economic Growth”, International Studies Quarterly, 40(3): 391-410.
Hodgson, G.M. (1997), “The Evolutionary and Non-Darwinian Economics of Joseph Schumpeter”, Journal of Evolutionary Economics, 7: 131-145.
Hodgson, G.M. (2002), “Darwinism in Economics: From Analogy to Ontology”, Journal of Evolutionary Economics, 12: 259-281.
Horan, R.D., E. Bulte and J.F. Shogren (2005), “How Trade saved Humanity from Biological Exclusion: an Economic Theory of Neanderthal Extinction”, Journal of Economic Behavior and Organization, 58: 1-29.
Hungtington, E. (1916), “Climatic Variations and Economic Cycles”, Geographical Review, 1(3): 192-202.
Jevons, W.S., (1875), “Influence of the Sun-Spot Period on the Price of Corn”, Nature.
Juglar, C. (1862), Des Crises commerciales et leur retour periodique en France, en Angleterre, et aux Etats-Unis, http://visualiseur.bnf.fr/Visualiseur?Destination =Gallica&O=NUMM-83714
Khalil, E.L. (1998), “The Five Careers of the Biological Metaphor in Economic Theory”, Journal of Socio-Economics, 27(1): 29-52.
Modelski, G. and K. Poznanski (1996), “Evolutionary Paradigms in the Social Sciences”, International Studies Quarterly, 40: 315-319.
Moore, H.L. (1914), Economic Cycles, Their Law and Cause, New York, Macmillan Co.
Moore, H.L. (1967), Generating Economic Cycles, New York, A.M Kelley.
Nelson, R.R. (1995), “Recent Evolutionary Theorizing about Economic Change”, Journal of Economic Literature, 33(1): 48-90.
Newton, Isaac (1712), Representations on the Subject of Money, http://socserv.socsci.mcmaster.ca/~econ/ugcm/3ll3/newton/newton.htm
Rizzello, S. (2003), “Towards a Coginitive Evolutionary Economics”, S. Cognetti de Martiis. Working Papers Series, 2003/03, http://www.cesmep.unito.it/WP/2003/ 3_WP_Cesmep.pdf#search=’towards%20a%20cognitive%20evolutionary%20economics’.
Robson, A.J. (2001), “The Biological Basis of Economic Behavior”, Journal of Economic Literature, 39(1): 11-33.
Robson, A.J. and H.S. Kaplan (2005), “Why We Grow Large and then Grow Old:
Ropke, I. (2004), “The Early History of Modern Ecological Economics”, Ecological Economics, 50: 293-314.
Samuelson, P.A. (1985), “Modes of Thought in Economics and Biology”, The American Economic Review, 75(2): 166-172.
Simon, C.P. and L. Blume (1994), Mathematics for Economists, New York, Norton.
Spencer, B.H. (2000), “Productive Nature and the Net Product: Quesnay’s Economies Animal and Political”, History of Political Economy, 32(3): 517-551.
Swanson, E.R. (1979), “Working with other Disciplines”, American Journal of Agricultural Economics, 61(5): 849-859.
Varian, H. (2003). Intermediate Microeconomics: A Modern Approach. New York, Norton.
Wyatt, S. (2004), “Danger! Metaphors at Work in Economics, Geophysiology, and the Internet”, Science, Technology, & Human Values, 29(2): 242-261.