Our work on the evolution of global capitalism rests on a core idea: systems with feedback and selection evolve. That’s a foundational idea in evolutionary biology — it’s the reason that Darwin’s finches had different beaks — but we note that it is also true in political economy. In fact, socially constructed systems (like capitalism) evolve all the faster because feedback can reshape notions more readily than noses.
Capitalism’s Confidence Games
Our work on the evolution of global capitalism rests on a core idea: systems with feedback and selection evolve. That’s a foundational idea in evolutionary biology — it’s the reason that Darwin’s finches had different beaks — but we note that it is also true in political economy. In fact, socially constructed systems (like capitalism) […]
August 23, 2010
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New!
HBR Learning
Decision Making Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Decision Making. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Practical ways to improve your decision-making process.