reading
the origin of wealth
evolution, complexity, and the radical remaking of economics
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In The Origin of Wealth Beinhocker provides a guide to the emerging economic paradigm shift he calls the "Complexity Economics revolution."
He rejects traditional economic theory, based on a physics model of closed systems, in which change is an external disruptive shock. Instead, he outlines an open, adaptive system with interlocking networks that change organically, reflecting the interaction of technological innovation, social development and business practice.
Wealth is created to the degree that this interaction decreases entropy in favor of "fit order" that meets human needs, desires and preferences.