Inequality, Evolution, & Complexity

Mark Thoma excerpts from Chris Dillow's post about 'Inequality, Evolution, & Complexity'.

The key question is:

Why has mainstream neoclassical economics traditionally had little to say about the causes and effects of inequality?

The real answer is that you don't bite the hand that feeds you. As Lenin says:

The task of a bourgeois professor is not to lay bare the entire mechanism, or to expose all the machinations of the bank monopolists, but rather to present them in a favourable light.

Imperialism: the highest stage of capitalism (p.52)

Anyway, the bourgeois professors think the problem is:

…that the blindness is inherent in the very structure of the discipline. If you think of representative agents maximizing utility in a competitive environment, inequality has nowhere to come from unless you impose it ad hoc…

Nice one, Capitalism! You have created a superstructure so effective that the wrong answers cannot be found as the question does not arise.

But no fast, the bourgeois professors think that by reverting to the original political use of the theory of evolution, they can come up with an answer:

…If we think of the economy as a complex (pdf) adaptive system…then inequality becomes a central feature. This is partly because such evolutionary processes inherently generate winners and losers, and partly because they ditch representative agents and so introduce lumpy granularity.

Emphasis Mine

So we are back where we were 150 years ago, the theory of evolution is being used to justify inequality.

But then, this leaves the Capitalists in a quandry: which system do they choose to build the superstructure on? Are they going with Creationism or with Evolution? Or are they going to reconcile the two?

I think reconciliation is out of the question because of the ongoing civil war within the Capitalist class for which the battle between Creationism and Evolution is a proxy.

Communists will have to side with Evolution because it is scientificly based, and leads to more progressive outcomes than does Creationism.