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

2009-10-22

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]
http://appli6.hec.fr/amo/Articles/Entry/Item/101.sls

In the same section

The Rhetoric of Reaction: Perversity, Futility, Jeopardy - by Albert O. Hirschman

[Research paper]

[Research paper] : Brice Jeullin

Whereas the German sociologist Max Weber argues in his work The protestant ethic and the spirit of capitalism that the Western world has lost its guilt about the idea of making profit withthe Protestant Reformation, the author of Franciscan Richness Giacomo Todeschini, seeks to demonstrate here...

>>Read more

Challenges and issues in partnerships between public donors and foundations to support social business development in Southern countries

[Research paper]

[Research paper] : Manon Le Bourdiec

Although supporting social business has largely been recognized as one of the main challenges for development assistance actors, social business experience difficulties in developing themselves, suffering from missing help, infrastructure and useful financial support. In the current context of...

>>Read more

Translucent society – taking to an end the myth of a benevolent state

[Reading report]

[Reading report] : Badis Boussouar

Translucent society focuses mostly on the French model of government and tries to understand how the state, through its interactions with companies and people, makes the society. It is thus in understanding better the role of human beings in this mechanism that one can make it work in a less...

>>Read more

"Degrowth": genealogy and circulation of a concept

[Research paper]

[Research paper] : Michaël Bruckert

In this paper, we intend to analyze the French concept of « décroissance » or for « economic downsizing» or « voluntary simplicity ». It is a historical approach, which discusses it's birth, evolution and spread in the intellectual and activist sphere. We focus on the first critics of...

>>Read more

The Rebel III - by Mongo Béti

[Reading report]

[Reading report] : Amine Habiballah

Le Rebelle III is a collection of Mongo Beti's essays gathered and presented by André Djiffack. This book is mainly a description of Cameroonian reality between 1995 and the death of Mongo Beti in 2001. The author underlines the consequences of French neocolonialism in Cameroon, especially in...

>>Read more

With the same theme

With the same doctype

Reading report

Crisis of capitalism and death wish -... This book aims at linking two 20th... by Antoine Desjonquères
Le Prix - by Paul Jorion Taking a new look on how prices get... by Alexis Lemeillet
The Birth of Biopolitics - Lectures at... In these Lectures at the Collège de... by Marie Calmettes
Climate Wars - What People Will be... Climate Wars: What People Will be... by Jean-Baptiste Rouphael
Human development – Struggle against... Health and education are priorities in... by Nastassja Kern
Now's the time! 3 years to save The... We can not continue on our current rate... by Maëlle Bouquet
Energy Transition - The German... Germany has set itself ambitious goals... by Elie Simon
The right to food, a driver for change... 1.2 billion people are still suffering... by Juliette Carcano
Ethics of Climate Change - by James... In this book, James Garvey considers... by Domitille de la Morinerie
Coming Home to the Pleistocene - by... Paul Shepard is one of the most famous... by Ségolène Guinard