IDEAS home Printed from https://ideas.repec.org/a/kap/jbioec/v20y2018i1d10.1007_s10818-017-9265-8.html
   My bibliography  Save this article

Adam Smith on the future of experimental evolution and economics

Author

Listed:
  • Maria Pia Paganelli

    (Trinity University)

Abstract

Experimental evolution is difficult to apply to humans because of the need to study possible changes over many generations. A similar method, though, may see history as a substitute for experiments. The 18th century economist Adam Smith uses methods compatible with the logic of experimental evolution, through the assumption of human homogeneity and the study of history, to explain endogenous variations of preferences and institutions.

Suggested Citation

  • Maria Pia Paganelli, 2018. "Adam Smith on the future of experimental evolution and economics," Journal of Bioeconomics, Springer, vol. 20(1), pages 23-28, April.
    • Handle: RePEc:kap:jbioec:v:20:y:2018:i:1:d:10.1007_s10818-017-9265-8
    DOI: 10.1007/s10818-017-9265-8
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10818-017-9265-8
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10818-017-9265-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Smith, Vernon L. & Wilson, Bart J., 2018. "Equilibrium play in voluntary ultimatum games: Beneficence cannot be extorted," Games and Economic Behavior, Elsevier, vol. 109(C), pages 452-464.
    2. Smith, Adam, 1759. "The Theory of Moral Sentiments," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number smith1759.
    3. Smith,Vernon L., 2009. "Rationality in Economics," Cambridge Books, Cambridge University Press, number 9780521133388, November.
    4. Terence C. Burnham, 2016. "Economics and evolutionary mismatch: humans in novel settings do not maximize," Journal of Bioeconomics, Springer, vol. 18(3), pages 195-209, October.
    5. Maria Pia Paganelli, 2015. "Recent Engagements with Adam Smith and the Scottish Enlightenment," History of Political Economy, Duke University Press, vol. 47(3), pages 363-394, September.
    6. repec:feb:artefa:0087 is not listed on IDEAS
    7. Henrich, Joseph & Boyd, Robert & Bowles, Samuel & Camerer, Colin & Fehr, Ernst & Gintis, Herbert (ed.), 2004. "Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies," OUP Catalogue, Oxford University Press, number 9780199262052.
    8. Levitt, Steven D. & List, John A., 2009. "Field experiments in economics: The past, the present, and the future," European Economic Review, Elsevier, vol. 53(1), pages 1-18, January.
    9. Omar Al-Ubaydli & Daniel Houser & John Nye & Maria Pia Paganelli & Xiaofei Sophia Pan, 2013. "The Causal Effect of Market Priming on Trust: An Experimental Investigation Using Randomized Control," PLOS ONE, Public Library of Science, vol. 8(3), pages 1-8, March.
    10. Maria Pia Paganelli, 2015. "Recent Engagements with Adam Smith and the Scottish Enlightenment," Center for the History of Political Economy Working Paper Series 2015-6, Center for the History of Political Economy.
    11. Terence C. Burnham & Aimee Dunlap & David W. Stephens, 2015. "Experimental Evolution and Economics," SAGE Open, , vol. 5(4), pages 21582440156, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lunawat, Radhika & Shields, Timothy W. & Waymire, Gregory, 2021. "Financial reporting and moral sentiments," Journal of Accounting and Economics, Elsevier, vol. 72(1).
    2. Omar Al-Ubaydli & John List, 2013. "On the Generalizability of Experimental Results in Economics: With A Response To Camerer," Artefactual Field Experiments j0001, The Field Experiments Website.
    3. Matteo M. Galizzi & Daniel Navarro-Martinez, 2019. "On the External Validity of Social Preference Games: A Systematic Lab-Field Study," Management Science, INFORMS, vol. 65(3), pages 976-1002, March.
    4. Stringham, Edward Peter, 2011. "Embracing morals in economics: The role of internal moral constraints in a market economy," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1), pages 98-109.
    5. José M. Menudo, 2017. "Turgot, Smith and Steuart on Stadial Histories," Working Papers 17.14, Universidad Pablo de Olavide, Department of Economics.
    6. Terence C. Burnham & John P. Phelan, 2018. "Fair is foul, and foul is fair: experimental evolutionary studies of mismatch," Journal of Bioeconomics, Springer, vol. 20(1), pages 153-157, April.
    7. Erik W. Matson, 2023. "Ethical Economics or Economical Ethics? Considerations out of Carl Menger," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(2), pages 311-330, June.
    8. Smith, Vernon L., 2010. "Theory and experiment: What are the questions?," Journal of Economic Behavior & Organization, Elsevier, vol. 73(1), pages 3-15, January.
    9. Jimena Hurtado, 2016. "Adam Smith's Impartial Spectator: Autonomy and Extended Selves," Econ Journal Watch, Econ Journal Watch, vol. 13(2), pages 298–305-2, May.
    10. Omar Al-Ubaydli & John A. List, 2013. "On the Generalizability of Experimental Results in Economics: With a Response to Commentors," CESifo Working Paper Series 4543, CESifo.
    11. Francesco GUALA, 2010. "Reciprocity: weak or strong? What punishment experiments do (and do not) demonstrate," Departmental Working Papers 2010-23, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    12. Fazekas, Károly, 2016. "Tisztesség, empátia, közgazdaságtan [Honour, empathy and economics]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 1120-1141.
    13. Benno Torgler, 2021. "The Power of Public Choice in Law and Economics," CREMA Working Paper Series 2021-04, Center for Research in Economics, Management and the Arts (CREMA).
    14. Dold, Malte & Lewis, Paul, 2022. "F.A. Hayek on the political economy of endogenous preferences: An historical overview and contemporary assessment," Journal of Economic Behavior & Organization, Elsevier, vol. 196(C), pages 104-119.
    15. Gizatulina, Alia & Gorelkina, Olga, 2021. "Selling “Money” on eBay: A field study of surplus division," Journal of Economic Behavior & Organization, Elsevier, vol. 181(C), pages 19-38.
    16. Richard E. Lenski & Terence C. Burnham, 2018. "Experimental evolution of bacteria across 60,000 generations, and what it might mean for economics and human decision-making," Journal of Bioeconomics, Springer, vol. 20(1), pages 107-124, April.
    17. Goto, Jun & Sawada, Yasuyuki & Aida, Takeshi & Aoyagi, Keitaro, 2015. "Incentives and Social Preferences: Experimental Evidence from a Seemingly Inefficienct Traditional Labor Contract," 2015 Conference, August 9-14, 2015, Milan, Italy 211687, International Association of Agricultural Economists.
    18. Omar Al-Ubaydli & John List, 2012. "On the Generalizability of Experimental Results in Economics," Artefactual Field Experiments 00467, The Field Experiments Website.
    19. Gautam Gupta, 2019. "Experiments in Economics: A Survey," Studies in Microeconomics, , vol. 7(1), pages 89-109, June.
    20. Marianna Baggio & Luigi Mittone, 2015. "Grandparents Matter: Perspectives on Intergenerational Altruism. An Experiment on Family Dynamic Spillovers in Public Goods Games," CEEL Working Papers 1502, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jbioec:v:20:y:2018:i:1:d:10.1007_s10818-017-9265-8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.