Bioeconomics and the survival model: The economic lessons of evolutionary biology

  • Stephen P. Magee

Abstract

Public choice has made important strides in the last 25 years. The rational choice model, however, has left some important unanswered questions, such as why people vote. Since this paper is about the next 25 years of public choice, I propose an alternative to the old rational choice model. I propose that “rational choice” be replaced with a “survivor model” of biology, which incorporates rational choice as a special case. The survival model includes all behavior, both cognitive and non cognitive, which improves economic fitness. It incorporates, for example, genetics, hormones and environmentally driven behavior.

Keywords

Public Choice Rational Choice Group Selection Directional Selection Dominance Hierarchy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1993

Authors and Affiliations

  • Stephen P. Magee
    • 1
  1. 1.Department of FinanceUniversity of TexasAustinUSA

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