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Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics
 
 

Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics (Hardcover)

by Eric D Beinhocker (Author) "I SAT PERCHED on a small ledge, with my back pressed against a dung wall, in the smoky center room of a thatched hut belonging..." (more)
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Product details

  • Hardcover: 527 pages
  • Publisher: Harvard Business School Press; 1 edition (1 Jun 2007)
  • Language English
  • ISBN-10: 157851777X
  • ISBN-13: 978-1578517770
  • Product Dimensions: 23.9 x 15.7 x 4.6 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon.co.uk Sales Rank: 398,928 in Books (See Bestsellers in Books)

Product Description

Financial Times, January 17, 2007

...a brilliant, thought-provoking and wide-ranging book...

Product Description

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?


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I SAT PERCHED on a small ledge, with my back pressed against a dung wall, in the smoky center room of a thatched hut belonging to an elderly Maasai tribesman. Read the first page
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5.0 out of 5 stars Thought-provoking economic theory exposition, 20 July 2009
By Rolf Dobelli "getAbstract.com" (Switzerland) - See all my reviews
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In this massive, erudite book, Eric D. Beinhocker offers a history of economics, and an informative discussion of the scientific basis and shortcomings of conventional economic wisdom. He is strongest as he explains the steadily diminishing scientific credibility of "Traditional Economics," and offers "Complexity Economics" as a more useful theory. He says it better accounts for changeable, evolving markets with irrational actors, dynamic networks and mutual influence between micro- and macro levels of economics. If nonexperts find his discussion of evolution, complexity and chaos a bit diffuse, that may be because this conceptual exposition is not intended to be light reading. In fact, Beinhocker's less scholarly policy recommendations are also less persuasive. getAbstract finds that he does an excellent job of introducing a serious problem with traditional economics.
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