The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics - by Eric D. Beinhocker[Reading report] by Guo Bai


The author was part of the “Alternative Management” third year program in HEC in 2008/2009.

The Origin of Wealth declares a paradigm shift from Traditional Economics to Complexity Economics which interprets economy as a complex adaptive system made up of realistically rational agents who dynamically interact with each other. These dynamics lead to evolutionary processes of variation, selection, and amplification, acting on designs for technologies, social institutions, and businesses that drive growth in the economy over time and create wealth. Thus, evolution, according to Eric D. Beinhocker, is the true origin of wealth.

Quote article  Guo Bai, « The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics - by Eric D. Beinhocker », 22 october 2009, Alternative Management Observatory (AMO), [Reading report]

In the same section

Working for social business after HEC - with Laurence Grandcolas-Lamoureux

[Research paper]

[Research paper] : Laurence Grandcolas-Lamoureux

Laurence Grandcolas-Lamoureux created the NGO "Solidarity with forgotten countries" when she graduated from HEC Paris, and then had ​​a three-year experience at Bain, a consulting firm. After that, she found a job in the ​​social economy, becoming the Director of Partnerships at Ashoka in...

>>Read more

Chronicle of a failure foretold: the challenge of rural areas for micro-finance, through a case study in Ecuador

[Research paper]

[Research paper] : Caroline Charhon

In the last couple of years, micro-finance has been subject to growing critics regarding its efficiency and its ability to reach its goals of poverty alleviation. In this research essay, we intend to think about one of the main challenges for micro-finance today: the rural areas. Through the study...

>>Read more

Better World Books


[Scenario] : Nicolas Trimoulet

Better World Books is a global book store that harnesses the power of capitalism to bring literacy and opportunity to people around the world. Better World Books collects used books and recycle them in various ways: the books are sold on the Internet, some of those books are donated to deprived...

>>Read more

Development of micro-insurance in Argentina, Peru and Colombia

[Research paper]

[Research paper] : Marie Baranger and Cécile Roussel

This research studies the development of micro-insurance – with a focus on financial education – in Columbia, Peru and Argentina, where six months of field research have been carried out. Whereas micro-insurance products were all compulsory and little innovative in Argentina and Peru, they were...

>>Read more

On the way to social innovation, interview with Hugues Sibille

[Reading report]

[Reading report] : Joséphine Bouchez

On the way to social innovation is about Hugues Sibille’s career, who is the endless defender of social and solidarity-based economy in France. The book is written as an interview, which leads us to discover the actions and experiences of this day-to-day involved person to develop this more human...

>>Read more

With the same theme

With the same doctype

Reading report

Confessions of an Economic Hit Man - by... John Perkins tells us about his career... by Raphaëlle Sorba
The human cause, a good use of the end... Financial crisis, ecological crisis,... by Morgane Jacobée
The End of the West, the Birth of the... At the beginning of the 21st century,... by Manon Le Bourdiec
Reinventing Fire – Bold Business... With this essay, Amory Lovins provide... by Clara Fourquier
On the way to social innovation,... On the way to social innovation is... by Joséphine Bouchez
The working condition - by Simone Weil Simone Weil had the personal will to... by Pierre Lacaze
Small is beautiful, Economics as if... This text aims to resume the book... by Claudia Pöpperl
Undocumented immigrants: a fatal... Migration policies and mobility control... by Camille Lacroix
Animal Spirits - How Human Psychology... Economic agents are not omniscient... by Yoann Kassi-Vivier
How to survive development - by Serge... In this book, Serge Latouche presents... by Audrey Boulkaid