9781422121030

The Origin of Wealth

by
  • ISBN13:

    9781422121030

  • ISBN10:

    1422121038

  • Format: Paperback
  • Copyright: 2007-09-10
  • Publisher: Perseus Distribution Services
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Summary

What is wealth?How is it created? And how can we create more of it for the benefit of individuals, businesses, and societies?In The Origin of Wealth,Eric Beinhocker provides provocative new answers to these fundamental questions.Beinhocker surveys the cutting-edge ideas of economists and scientists and brings their work alive for a broad audience. These researchers, he explains, are revolutionizing economics by showing how the economy is an evolutionary system, much like a biological system. It is economic evolution that creates wealth and has taken us from the Stone Age to the $36.5 trillion global economy of today.By better understanding economic evolution, Beinhocker writes, we can better understand how to create more wealth. The author shows how "complexity economics" is turning conventional wisdom on its head in areas ranging from business strategy and organizational design to investment strategy and public policy. As sweeping in scope as its title,The Origin of Wealthwill rewire our thinking about the workings of the global economy and where it is going.

Author Biography

Eric D. Beinhocker is a Senior Fellow at the MeKinsey Global Institute.

Table of Contents

Preface and Acknowledgmentsp. ix
A Paradigm Shift
The Question: How Is Wealth Created?p. 3
Traditional Economics: A World in Equilibriump. 21
A Critique: Chaos and Cuban Carsp. 45
Complexity Economics
The Big Picture: Sugar and Spicep. 79
Dynamics: The Delights of Disequilibriump. 99
Agents: Mind Gamesp. 115
Networks: Oh What a Tangled Web We Weavep. 141
Emergence: The Puzzle of Patternsp. 161
Evolution: It's a Jungle Out Therep. 187
How Evolution Creates Wealth
Design Spaces: From Games to Economiesp. 221
Physical Technology: From Stone Tools to Spacecraftp. 241
Social Technology: From Hunter-Gatherers to Multinationalsp. 261
Economic Evolution: From Big Men to Marketsp. 279
A New Definition of Wealth: Fit Orderp. 299
What It Means for Business and Society
Strategy: Racing the Red Queenp. 323
Organization: A Society of Mindsp. 349
Finance: Ecosystems of Expectationsp. 381
Politics and Policy: The End of Left Versus Rightp. 415
Epiloguep. 451
Notesp. 455
Bibliographyp. 491
Indexp. 509
About the Authorp. 527
Table of Contents provided by Ingram. All Rights Reserved.

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