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

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