Evolutionary economics is a school of economic thought that is inspired by evolutionary biology. Although not defined by a strict set of principles and uniting various approaches, it treats economic d
From peace and harmony... (Lucas Cranach the Elder, The Golden Age, 1530)
... to war and sorrow (Virgil Solis, The Iron Age, 1581)
Thorstein Veblen (1857–1929) is considered by many as the "father" of evolutionary economics.
Behavioral economics is the study of the psychological factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theo
Herbert A. Simon, winner of the 1975 Turing award, the 1978 Nobel Prize in economics, and the 1988 John von Neumann Theory Prize
Daniel Kahneman, winner of the 2002 Nobel Prize in economics