September 2007
Intermediate to advanced
544 pages
18h 48m
English
Content preview from The Origin of Wealth
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CHAPTER THIRTEEN
Economic Evolution
FROM BIG MEN TO MARKETS
WE HAVE OUTLINED a generic model of evolution and have been mapping that model onto the substrate of economic systems. In chapter 10, I introduced the idea that economic evolution can be viewed as a search for fit designs in a design space of All Possible Business Plans, or the Library of Smith. In chapters 11 and 12, I then described how the evolution of Physical and Social Technologies provides critical building blocks for economic evolution. In this chapter, we will see how it all comes together as the process of economic evolution unfolds in the world of businesses and markets.
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