Population dynamics on a rugged landscape is studied analytically and
numerically. The dynamics of the population is described in terms of L
angevin diffusion of a single particle in a specific random environmen
t. The randomness in the mutation rate leads to population pinning and
to a logarithmic slowdown of the evolution, resembling aging phenomen
on in spin glass systems. Individual realizations of evolutionary beha
vior exhibit so-called punctuated equilibria, or long periods of stasi
s interrupted by rapid changes of fitness. In contrast, the randomness
in the replication rate turns out to be irrelevant for evolution in t
he long-time limit as it is smoothed out by increasing ''evolution tem
perature.''