The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics
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 EconomicsUser 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 EconomicsUser Review - Sam Critchley - Goodreads
Brilliant book. Overview of classical economics, how it tends to be overly simplistic, then lays the groundwork on modern evolutionary economic theories. Finally it ends up with some practical looks ... Read full review
ONE The Question
TWO Traditional Economics
THREE A Critique
THIRTEEN Economic Evolution
FOURTEEN A New Definition of Wealth
What It Means for Business and Society
EIGHTEEN Politics and Policy