In the clip below Hartmann interviews David Sloan Wilson on his new article by the above name. A new economics needs a new foundation from the typical and shopworn invisible hand proposed by Adam Smith. That new hand is applying evolutionary theory to the topic. David S. Wilson is SUNY Distinguished Professor of Biology and
Anthropology at Binghamton University and Arne Næss Chair in Global
Justice and the Environment at the University of Oslo. His most recent
book is Does Altruism Exist?
A couple excerpts from the article follow:
“Evolutionary theory makes it crystal clear that the unregulated pursuit
of self-interest is often toxic for the common good. This conclusion
becomes especially strong when we conceptualize self-interest in
relative rather than absolute terms, a distinction that separates much
evolutionary thinking from much economic thinking. When we absorb the
fact that “life is graded on a curve” as the evolutionary economist
Robert Frank puts it, then we can see that nearly all cooperative
efforts require time, energy, and risk on the part of the cooperative
individuals that place them at a relative disadvantage compared to less
cooperative individuals within the same group.”
“One of the great discoveries of evolutionary science during the last
few decades is that this theoretical framework, called multilevel
selection theory, can be applied to the evolution of our own species.
[…] We must learn to function in two capacities: As designers of
large-scale social systems and as participants in the social systems
that we design. As participants, we don’t need to have the welfare of
the whole system in mind, but as designers we do. There is no way around
it. Anything short will result in social dysfunction.”
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