| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3709 |
| DP3709 The Economic Value of Flexibility When There is Disagreement | |
| Anjan Thakor; Arnoud Boot | |
| 发表日期 | 2003-01-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | This Paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces of natural selection are made weaker because trade allows people to specialize in those activities where they are strong, and to offset their weaknesses by purchasing adequate goods on the market. Absent trade, people must allocate their time among all the activities necessary for their fitness. A fitness advantage in any given dimension will increase survival probability, so that in the long run natural selection makes sure that population is entirely made of individuals with the best alleles at all locations. Under trade, there exist long-run equilibria where less fit individuals are able to achieve the same survival potential as the fittest, by specializing in activities where they are not at a disadvantage, and purchasing goods that are substitute for activities in which they are 'weak'. |
| 主题 | Labour Economics |
| 关键词 | Evolution Genotype Division of labour Specialization Geneculture coevolution Natural selection Trade Exchange Markets Time allocation |
| URL | https://cepr.org/publications/dp3709 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532684 |
| 推荐引用方式 GB/T 7714 | Anjan Thakor,Arnoud Boot. DP3709 The Economic Value of Flexibility When There is Disagreement. 2003. |
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