The Essay

Writers explore some of the diverse fields to which Darwin's theories have been applied. Professor James K Galbraith, son of the economist JK Galbraith, describes early efforts to make economics more Darwinian, and why we should revisit those now more than ever. He argues that for too long economics has been deterministic and unrealistic, and to go forward from the current financial gloom, economists must embrace the evolutionary jungle, accepting that there is no such thing as 'business as usual'.