Economics Tricks

According to economist Eric D. Beinhocker, who published The Origin of Wealth (Harvard Business School Press, 2006), explained "Evolution and economics are both examples of a larger mysterious phenomenon" to be found in complexity theory.

Evolution and economics are not just analogous to each other, but they are actually two forms of a larger phenomenon called complex adaptive systems, in which individual elements, parts or agents interact, then process information and adapt their behavior to changing conditions.

...Immune systems, ecosystems, language, the law and the Internet are all examples of complex adaptive systems.

Evonomics also explains "...in biological evolution, nature selects from the variation produced by random genetic mutations and the mixing of parental genes. Out of that process of cumulative selection emerges complexity and diversity. In economic evolution, our material economy proceeds through the production and selection of numerous permutations of countless products. "

So, economics do evolve from one form to another...naturally! This is the inevitable force of "nature". How to adapt and adopt in order to maximize personal income by applying the principle of "Evonomics"?

Try to shrink down the theory into micro-form...to individual. Studies show some of the rich man has (quite) similar characters :-

• They always carry out "risk accessment" and prefer opportunity rather than. They are adventurous and dare to venture into "any ideas" that can make money even though they have to lose their job!
• They take action instead of just a plain talk.
• They are a good listener. Rich man accept suggestions and opinions. They often look for ideas and turn it into business opportunity!
• They never complaint and will never give reasons when they fail, but learn from mistakes.

So, the ability to adapt yourself and step out of the comfort zone is relatively crucial for an individual to be more competitive. You may choose to stay in a place with the reason that you like a more peaceful environment, but we can't deny the facts of globalization and the ever-changing world of economy...and the first step of upgrading your life (either to become wealthier or more freedom)Begin to think differently, probably opposite the way you used to think!

Remember, "only the stronger survive"!