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

By Eric D. Beinhocker

Categories: Business & Money, Science & Math

Economist Eric Beinhocker argues that traditional economics is wrong to treat the economy as a system in equilibrium. Drawing on complexity science, he describes the economy as an evolving system in which businesses, technologies and social arrangements compete and adapt. Beinhocker explains how this view of wealth creation changes our understanding of growth, business strategy, innovation and public policy for the better.

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• Shane Parrish: “Traditional economics has been upended again and again over the last fifty years. The latest incarnation is a strain called complexity economics. Pulling from physics, biology, and complexity theory, Eric Beinhocker describes a new and more robust framework to think about economics.”