The Origin of Wealth : : the Radical Remaking of Economics and What it Means for Business and Society

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Call Number: 338.9 Be
On Shelf At: Downtown Library

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Originally published: Boston, Mass. : Harvard Business School Press, ©2006.
Preface and acknowledgments -- pt. 1. A paradigm shift -- 1. The question : how is wealth created? -- 2. Traditional economics : a world in equilibrium -- 3. A critique : chaos and Cuban cars -- pt. 2. Complexity economics -- 4. The big picture : sugar and spice -- 5. Dynamics : the delights of disequilibrium -- 6. Agents : mind games -- 7. Networks : oh what a tangled web we weave -- 8. Emergence : the puzzle of patterns -- 9. Evolution : it's a jungle out there -- pt. 3. How evolution creates wealth -- 10. Design spaces : from games to economics -- 11. Physical technology : from stone tools to spacecraft -- 12. Social technology : from hunter-gatherers to multinationals -- 13. Economic evolution : from big men to markets -- 14. A new definition of wealth : fit order -- pt. 4. What it means for business and society -- 15. Strategy : racing the Red Queen -- 16. Organization : a society of minds -- 17. Finance : ecosystems of expectations -- 18. Politics and policy : the end of left versus right -- Epilogue -- Notes -- Bibliography -- Index -- About the author.
What is wealth? How is it created? And how can we create more of it for the benefit of individuals, businesses, and societies? In The Origin of Wealth, Eric Beinhocker provides provocative new answers to these fundamental questions. Beinhocker surveys the cutting-edge ideas of economists and scientists and brings their work alive for a broad audience. These researchers, he explains, are revolutionizing economics by showing how the economy is an evolutionary system, much like a biological system. It is economic evolution that creates wealth and has taken us from the Stone Age to the $36.5 trillion global economy of today. By better understanding economic evolution, Beinhocker writes, we can better understand how to create more wealth. The author shows how complexity economics is turning conventional wisdom on its head in areas ranging from business strategy and organizational design to investment strategy and public policy. As sweeping in scope as its title, The Origin of Wealth will rewire our thinking about the workings of the global economy and where it is going.

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Promotes a Step Change in Your Thinking submitted by sVfGI7Glt2pz7GZgVB90 on August 13, 2020, 6:58am This book explores an unconventional view of economics; one that is more associated with quantum physics, evolutionary theory and behavioral psychology than classical economics. It sounds intense but it's not; it's a thoroughly attractive investigation of how emergent systems work. In summary, if you want to understand why our society is the way it is, you'll find this book enthralling.