The Origin Of Wealth by Eric D. Beinhocker
Evolution, Complexity, and the Radical Remaking of Economics
A critique of equilibrium-based economics that reframes the economy as a complex adaptive system where wealth emerges through evolutionary processes of variation, selection, and amplification. It shows how physical technologies, social technologies, and business plans co-evolve to create “fit order,” influenced by information flows, networks, and path dependence. Drawing on complexity science and behavioral insights, it portrays growth as an emergent, non-equilibrium phenomenon and outlines strategic and policy implications that favor innovation, experimentation, and resilience.
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- Published
- 2006
- Nationality
- American
- Length
- Long
- Pages
- 520-550
- Original Language
- English
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