Book Review

Author: Eric D. Beinhocker
Title: "The Origin of Wealth"
Rating: 10/10

I highly highly recommend this book for anyone that is interested in evolutionary thinking as it applies to business and economics. Many books on this subject attempt to make loose analagies between evolutionary theory and economics, that while interesting, provide little real value. This book draws from research on the cutting edge of computer modeling, evolutionary psychology, business theory etc. to show how the profession of economics must go profound changes if it is to be relevant to people in this century. More specifically he argues that The field of economics must stop thinking of the economy as a set of equations that will eventually reach equilibrium, only to be knocked out again by some outside force which will bring things to a new equilibrium. Instead, he argues, it must be seen as a complex adaptive system that is always changing and evolving endogenously, or by its own internal nature.

My description is very vague, but trust me, this book is good, and incredibly well researched.