Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics
In the "Origin 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...
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In the "Origin 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., organizations 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. "The Origin of Wealth" raises important questions such as: How can one create strategy in uncertain and fast moving environments? Why is it hard for large organizations to be innovative and how should we organize for better results? And what role should governments play in this new era?
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Format: hardcover
ISBN:
9781578517770 (157851777X)
ASIN: 157851777X
Publish date: June 1st 2006
Publisher: Harvard Business Review Press
Pages no: 527
Edition language: English
Category:
Non Fiction,
History,
Science,
Biology,
Business,
Economics,
Culture,
Philosophy,
Sociology,
Social Science,
Evolution,
Society
When I was studying engineering at University one of the subjects we had to have an overview of was economics. I wanted the read this book because to me at the time the traditional macro economics theory just didn’t make sense – too many assumptions that were self evidently wrong, and I wanted a mor...