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Ordinaries 9: How to write a biological economics article

Author

Listed:
  • Terence C. Burnham

    (Chapman University)

  • Jay Phelan

    (UCLA)

Abstract

This paper outlines an approach for writing biological economic articles. There is a schism within economics between neoclassical and behavioral schools. Biology holds the promise of a modern synthesis of these apparently competing theories. Natural selection favors maximization analogous to the sort assumed by neoclassical economics. Behavior, however, is produced by specific physiologic machinery that sometimes produces non-maximizing behavior, primarily in evolutionarily novel settings, such as modern cities.

Suggested Citation

  • Terence C. Burnham & Jay Phelan, 2022. "Ordinaries 9: How to write a biological economics article," Journal of Bioeconomics, Springer, vol. 24(2), pages 117-131, July.
    • Handle: RePEc:kap:jbioec:v:24:y:2022:i:2:d:10.1007_s10818-022-09326-2
    DOI: 10.1007/s10818-022-09326-2
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    References listed on IDEAS

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    1. 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.
    2. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    3. Thaler, Richard, 1981. "Some empirical evidence on dynamic inconsistency," Economics Letters, Elsevier, vol. 8(3), pages 201-207.
    4. Thaler, Richard H, 1987. "The January Effect," Journal of Economic Perspectives, American Economic Association, vol. 1(1), pages 197-201, Summer.
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    Cited by:

    1. Terence C. Burnham & Jay Phelan, 2023. "Biological welfare economics: a natural science critique of normative economics," Journal of Bioeconomics, Springer, vol. 25(1), pages 1-33, April.

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