An article today titled ‘The Invisible Hand, Trumped by Darwin?’ says “If asked to identify the intellectual founder of their discipline, most economists today would probably cite Adam Smith. But that will change. Economists’ forecasts generally aren’t worth much, but I’ll offer one that even my youngest colleagues won’t survive to refute: If we posed the same question 100 years from now, most economists would instead cite Charles Darwin”.  I have referred to Charles Darwin and what I call Darwinism – survival of the fittest – many times in my posts on this blog.  To me simple concepts are the best concepts, and what can be simpler or more obvious than Darwin’s.  Darwin’s concept is, of course, based on measuring things over a long term.  Governments have the ability to, and indeed do through social programs and otherwise ‘spread the wealth’, influencing the ultimate timing of the ‘Darwin result’.  In my view, that is all Governments can do – defer the result.  In the end, while to some degree I find the conclusion offensive, I can’t see how Darwinism can fail to prevail in an economic as well as in a hereditary context.

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