The Origin of Wealth
The Radical Remaking of Economics and What it Means for Business and Society
in:
Economics
Summary:
The book explores the evolution of economic systems, arguing for a shift from traditional equilibrium-based views to a complexity economics framework that better reflects the dynamic, constantly evolving nature of markets and economies. It delves into the implications of this paradigm shift for businesses and society, suggesting that understanding economic complexity can lead to more effective strategies and policies.
Key points:
1. Complexity Economics: Beinhocker views the economy as a constantly changing system where agents learn and adapt, not as a static equilibrium.
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