The design of wealth

According to this description of the ambitious new book, Origin of Wealth, "over 6.4 billion people participate in a $36.5 trillion global economy, designed and overseen by no one."

Describing the networked economy as a "complex adaptive system," the book seeks to explain its dynamics. Along with behavioral economics, which dismisses the "rational actor" as the basis for economic decision making, and the "Wealth of Networks," described by Yochai Benkler as a third method for value production, Origin looks to overturn long accepted descriptions of economic activity using other sciences - in this case complexity theory, genetic algorithms and artificial intelligence.

Wayne

Technorati: complexity theory, behavioral economics, artificial intelligence. Wikipedia: Ramsey Theory