The Origin of Wealth by Eric D. Beinhocker

Harvard Business School Press,Boston,MA published the book with a subtitle: The Radical Remaking of Economics and What It Means for Business and Society. $16

Such work is a brilliant thought, -provoking, and wide-ranging magnum opus,indeed.

The author surveys the cutting-edge ideas of economists and scientists and brings their work alive. It is economic evolkution an algorithm of all-purpose formula for innovation of a form of information processing. Evolution creas wealth and has takenus from the Stone Age to the $36.5+ trillion global economy of today.

How complexity or even duplicity economics from the movers with strategy and design to investment and public policy. The book sets the agenda for economic thinking in the 21st century and beyond. Adam Smith noted the rich variety of ways that folks have measured their wealth throughout history in nations in realms ranging from computer software to the mind to human culture and the global economy.

Is wealth an intrinsic, tangible thing that gives value? Wealth is not a fixed concept and may be more ephemeral (sic) The value of things depends upon what one is willing to pay for it at a particular time.

In the contemporary world, wealth exists in electronic blips on a computer with the swipe of a credit card or the click of a mouse.

How the knowledge of our brains lead to the creation of wealth? How can the global economy grow in a way that is environmentally subtainable? Moreover, wealth may not buy happiness as I submitted my Formula for Happiness in my previous blogs. Economic phenomena are so unpredictable that efforts have failed between a metaphorical versus a literal understanding of the global economy. Sino-American economics falls into the fitness function for competitive endeavors in the days to come.