Evolution/Economics

Going back to Evolution, perhaps we can learn from it why the income gap between rich and poor is getting wider. Perhaps we should look more closely at the difference between elephants and birds to get a better understand of why. 

Seriously, though, Evolution is changing how we will do economics in the future, due to climate change, rising sea levels and other geographic changes. But I don't think economics will ever have the same impact on Evolution. But who knows. Perhaps some day we will have the economic tools to role back the negative influences of human activity on nature and restore things to their rightful splendor.

There is one area where economists have not examine evolutionary nature closely enough to understand why a particular economic paradigm failed and another didn't. Why did communism collapse and capitalism triumph? The answer is in nature's laws, particularly the second law of thermodynamics, more commonly known as entropy.  Since communism ignored this law, in more ways than one, it stagnated and collapsed. It refused to change, which is the way to combat entropy. On the other hand, capitalism has ascended because it is constantly reforming in order to avoid entropy. Even the financial crises of 2008 was a means of reform, to change old and bad habits.

Evolution and Economics

"Evolution has changed all we know about how humans behave, compete and co-operate. When will economics catch up?"

I don't know, but the question seems to relate to things that are unrelated. However, the two subjects are related in the sense that they are both connected to humans. But evolution is a building mechanism whereas economics is a facilitator. Economics facilitates the evolutionary process in nature and human living. Evolution stays evolutionary. Economics is more difficult. It is always having to reinvent itself to keep up with the constant changes evolution introduces. That is why most times it is like "nailing jello to the wall". 

To me it is like evolution doesn't concern itself with the laws of nature. But economics does. Economics concerns itself most with entropy, an evolutionary force that economics is always trying to combat and keep ahead of. (Communism succumbed to entropy.) One thing that evolution and economics have it common is that they are both renewal forces. But economics 'packages' the evolutionary forces so they are related to humans. Economics takes out much of the sting and rawness of evolution, which is more 'red in the tooth'.

As for the crises of 2008, economic theory hit a wall. Economic theory became too hubristic and too big for it britches. Can one find such an instance in evolution?