The Origin of Wealth

Release on 2006 | by Eric D. Beinhocker

CHAPTER FIFTEEN Strategy RACING THE RED QUEEN THE MESSAGE of Traditional Economics is that if humans can just behave rationally enough , and if we possess enough information , then the economy will be revealed as a universe of clockwork ...

The Origin of Wealth
  • Author: Eric D. Beinhocker
  • Publisher: Harvard Business Press
  • ISBN: 157851777X
  • Category: Business & Economics
  • Page: 527
  • View: 838

The Origin of Wealth

Beinhocker has written this work in order to introduce a broad audience to what he believes is a revolutionary new paradigm in economics and its implications for our understanding of the creation of wealth. He describes how the growing field of complexity theory allows for evolutionary understanding of wealth creation, in which business designs co-evolve with the evolution of technologies and organizational innovations. In addition to giving his audience a tour of this field of complexity economics, he discusses its implications for real-world issues of business.

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