Accessible, Informative, a book for the masses

books:


	• Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics Eric D. Beinhocker Harvard Business School Press, 2007 - 544 pages average customer review:based on 46 reviews view larger image
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highly recommended

Accessible, Informative, a book for the masses

Some have reviewed Beinhocker's book, criticizing the lack of rigorous data, and other empirical evidence to support his arguments. There was another economist who published a book a couple years ago who also banished equations and other math goop to the footnotes and appendices, his name was Alfred Marshall (it really is a good book, another one for your reading list).

Beinhocker has clearly done his homework and understands the material of evolution in economics, complexity and chaotic systems. The Origin of Wealth is highly accessible and Beinhocker clearly explains each component of the theory. Perhaps the most important characteristic of the book is that it is interesting enough to keep the reader engaged, but also to inspire the reader's curiosity and desire to learn more about this fascinating new paradigm (This reader wrote her senior undergraduate thesis on this material - Beinhocker was a HUGE help).

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This book is about more than economics

I would recommend this book to anyone with an interest in human society and social evolution. The book discusses a lot of interesting aspects from an analytic viewpoint.

Despite the title which portrays the book as an economics text, this book isn't about making money - it's more about analysing how our economic society works (or doesn't as the case may be).

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A unified field theory of economics

The author does a noble job of trying to integrate nearly everything including Darwinian evolution into economic theory. The penultimate section on stock prices seems to be the finale - what could be next? It is a description of left vs. right, and the end of this political distinction. It was not a good close.

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a new paradigm

Economics is one of the fields grappling with new paradigms introduced by complexity theorists. Origin of Wealth is an attempt by the author, a McKinsey guy, to put this into a framework and draw lessons that organizations may apply today. As such, it enunciates theory as a basis for practical applications. This is a very well-written book, pitched just about right for the general reader with an interest in business and complexity theory. This is a very dynamic field which for the past 50 years or so has continued to grow and increase its utility. Origin of Wealth is an honest and successful attempt to make these ideas available to those of us who can use them in our own enterprises. Read this one.

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reviews: page 1, 2, 3, 4, 5, 6, 7, 8, 9, 10

What is wealth? How is it created? And how can we create more of it for the benefit of individuals, businesses, and societies? In The Origin of Wealth, Eric Beinhocker provides provocative new answers to these fundamental questions.

Beinhocker surveys the cutting-edge ideas of economists and scientists and brings their work alive for a broad audience. These researchers, he explains, are revolutionizing economics by showing how the economy is an evolutionary system, much like a biological system. It is economic evolution that creates wealth and has taken us from the Stone Age to the $36.5 trillion global economy of today.

By better understanding economic evolution, Beinhocker writes, we can better understand how to create more wealth. The author shows how complexity economics is turning conventional wisdom on its head in areas ranging from business strategy and organizational design to investment strategy and public policy. As sweeping in scope as its title, The Origin of Wealth will rewire our thinking about the workings of the global economy and where it is going.

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