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  The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics (Hardback) By (author) Eric D Beinhocker

  

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  Short Description for The Origin of WealthOffers a way to think about economic growth and business management. This book explores the roots of modern economic theory and declares it outmoded and wrong. It suggests that markets and growth can best be explained by drawing on the field of complexity economics: the study of markets and social systems as complex adaptive systems.
  Full description

  • Publisher: Harvard Business School Press
  • Published: 06 July 2006
  • Format: Hardback 527 pages
  • See: Full bibliographic data
  • Categories: Economic Theory & Philosophy | Development Economics | Finance
  • ISBN 13: 9781578517770 ISBN 10: 157851777X
  • Sales rank: 200,663

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Full description for The Origin of Wealth

• 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?