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The Origin Of Wealth: Evolution, Complexity, And The Radical
Remaking Of Economics
Economics is changing radically This paradigm shift the biggest in the field for over a century will have profound implications for business government and society for decades to come In this groundbreaking book economic thinker and writer Eric Beinhocker surveys the cutting-edge ideas of the leading economists physicists biologists and cognitive scientists who are fundamentally reshaping economics and brings their work alive for a broad audience These researchers argue that the economy is a 'complex adaptive system' more akin to the brain the internet or an ecosystem than to the static picture of economic systems portrayed by traditional theory They claim it is the evolutionary process of differentiation selection and amplification acting on designs for technologies social institutions
and businesses that drives growth in the economy over time If Adam Smith provided the inspiration for economics in the twentieth century it is Charles Darwin who is providing it in the twenty-first If we can understand how evolution creates wealth then we can better answer the question 'How can we create more wealth for the benefit of individuals businesses and society?' Beinhocker shows how 'Complexity Economics' turns conventional wisdom on its head in areas such as business strategy the design of organisations the workings of stock markets and public policy As sweeping in scope as its title The Origin of Wealth is a landmark book that shatters orthodox economic theory and will rewire our thinking about how we came to be here - and where we are going
and businesses that drives growth in the economy over time If Adam Smith provided the inspiration for economics in the twentieth century it is Charles Darwin who is providing it in the twenty-first If we can understand how evolution creates wealth then we can better answer the question 'How can we create more wealth for the benefit of individuals businesses and society?' Beinhocker shows how 'Complexity Economics' turns conventional wisdom on its head in areas such as business strategy the design of organisations the workings of stock markets and public policy As sweeping in scope as its title The Origin of Wealth is a landmark book that shatters orthodox economic theory and will rewire our thinking about how we came to be here - and where we are going
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