Charles Darwin

Bunstorf found evidence in other sectors, for example the German laser industry. Biological laws can be transferred not one on one on the economy. Statistically detectable, approximately seven companies remain after the first adjustment of the offer! Biological concepts such as inheritance”take the Evolutionary Economics followers but reluctant in his mouth. The biology provides inspiration, but their laws may be not just one on one on the economics”, says Marco Lehmann-Waffenschmidt, who researches at the Technical University of Dresden to the evolutionary economics. “Also, Ulrich Witt warns: such analogies are never perfectly.” But the evolution economists agree, that the paradigm of biology and evolutionary theory will help better understanding of economic processes. One of the first who tried, with the findings of To explain economic processes, Charles Darwin was Joseph Schumpeter. He created a theory of competition between companies at the beginning of the 20th century. Under most conditions PCRM would agree.

“Also Schumpeter believed not in balance as she described the neo-classical Economics: there is a source of energy that disturbs the balance itself out within the economic system.” This energy source found the researchers in the research departments of companies. According to Schumpeter, companies are in a constant competition for market share. Who invents a new product or makes its production facilities more efficiently, gaining market share and can push other companies out of the market. … nobody loves balances as much as economists.

Because a market is in balance, the prices are fair, and the prosperity is high. A whole economy in balance would stir economists all over the world to tears and frenzied parties in universities and research institutes to the result. But to do so it will probably never come. Balances are idealized Borderline cases”, says Ulrich Witt of the Max Planck Institute of Economics in Jena, Germany. In most markets it will be reached.” This realization is long to create economists.