The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics

Front Cover
Harvard Business Press, 2006 - Business & Economics - 527 pages
42 Reviews
In theOrigin of Wealth, Eric Beinhocker offers a thorough and convincing new way to think about economic growth and business management. The author begins by exploring the roots of modern economic theory and ultimately declares it outmoded and wrong. Instead, he suggests, markets and growth can best be explained by drawing on the emerging field of complexity economics: the study of markets and social systems as complex adaptive systems. Although biological metaphors in business have become familiar (i.e., organisations are living organisms), Beinhocker moves beyond metaphor to explain the revolutions in science that will inevitably change the way we think about economics, competition, and business.

TheOrigin of Wealthraises important questions such as: How can one create strategy in uncertain and fast moving environments? Why is it hard for large organisations to be innovative and how should we organise for better results? What role should governments play in this new era?

  

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Review: The Origin of Wealth: Evolution, Complexity, And the Radical Remaking of Economics

User Review  - Saku Mantere - Goodreads

I am deeply ambivalent about this book. On the one hand, it is a splendidly written introduction to the limitations in classical economics. It is also a great intro to complexity theory. Yet, in its ... Read full review

Review: The Origin of Wealth: Evolution, Complexity, And the Radical Remaking of Economics

User Review  - Jurgen Appelo - Goodreads

Brilliant! I wish I could give it 6 stars. Must. Read. Read full review

Contents

ONE The Question
3
TWO Traditional Economics
21
THREE A Critique
45
Complexity Economics
77
FIVE Dynamics
99
six Agents
115
SEVEN Networks
141
NINE Evolution
187
THIRTEEN Economic Evolution
279
FOURTEEN A New Definition of Wealth
299
What It Means for Business and Society
321
SIXTEEN Organization
349
SEVENTEEN Finance
381
EIGHTEEN Politics and Policy
415
Notes
455
Bibliography
491

How Evolution Creates Wealth
219
ELEVEN Physical Technology
241
TWELVE Social Technology
261
Index
509
About the Author
527
Copyright

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References to this book

Complexity Explained
Péter Érdi
Limited preview - 2007
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