Biological evolution occurs very slowly; cultural evolution occurs less slowly, but still slowly compared to institutional and

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Biological evolution occurs very slowly; cultural evolution occurs less slowly, but still slowly compared to institutional and market evolution.

a. Give some examples of these observations about the different speeds of adjustment.

b. Explain the relevance of these observations to economic reasoning. (Institutionalist)

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Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

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Question Posted: Dec 05, 2018 05:44 AM

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Biological evolution occurs very slowly; cultural evolution occurs less slowly, but still slowly compared to institutional and

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Institutionalist a We can see cultural evolution through history the appendix to Chapter 3 can be us...View the full answer

Macroeconomics

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