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

Eric D. Beinhocker

ISBN 10: 157851777X / ISBN 13: 9781578517770

Verlag: Harvard Business School Pr, 2006

Beschreibung

1st edition. 527 pages. 9.50x6.50x1.50 inches. In Stock.

Bestandsnummer des Verkäufers 157851777X

Bibliografische Details

• Titel: The Origin of Wealth: Evolution, Complexity, And the Radical Remaking of Economics
• Verlag: Harvard Business School Pr
• Erscheinungsjahr: 2006
• Sprache: Englisch
• ISBN-10: 157851777X
• ISBN-13: 9781578517770
• Einband: Hardcover
• Zustand: Brand New

Über diesen Titel

Inhaltsangabe

Over 6.4 billion people participate in a $36.5 trillion global economy, designed and overseen by no one. How did this marvel of self-organized complexity evolve? How is wealth created within this system? And how can wealth be increased for the benefit of individuals, businesses, and society? In The Origin of Wealth, Eric D. Beinhocker argues that modern science provides a radical perspective on these age-old questions, with far-reaching implications. According to Beinhocker, wealth creation is the product of a simple but profoundly powerful evolutionary formula: differentiate, select, and amplify. In this view, the economy is a "complex adaptive system" in which physical technologies, social technologies, and business designs continuously interact to create novel products, new ideas, and increasing wealth. Taking readers on an entertaining journey through economic history, from the Stone Age to modern economy, Beinhocker explores how "complexity economics" provides provocative insights on issues ranging from creating adaptive organizations to the evolutionary workings of stock markets to new perspectives on government policies. A landmark book that shatters conventional economic theory, The Origin of Wealth will rewire our thinking about how we came to be here--and where we are going.

Reseña del editor

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., 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.

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 organisations to be innovative and how should we organise for better results? What role should governments play in this new era?