The Source of Wealth: Innovation Economics

This audiobook is narrated by an AI Voice. Prologue

Human history is a chronicle of collaboration and its absence. From the first communities that learned to hunt, cultivate, and build together, to the modern networks of innovation that connect continents, every leap in civilization has depended not on individual brilliance alone, but on the capacity of people to share imagination and effort toward a common goal. Where collaboration thrives, societies rise. Where it fails, decline and stagnation follow.

The chapters that follow present a general theory of economic and human advancement — the CDR model — in which Capitalism, Democracy, and Rule of Law act as the interdependent forces that generate wealth and sustain civilization. It unites economics, management science, psychology, and biology under a single proposition: that all wealth originates in human imagination and creativity, and that these forces are multiplied by collaboration.

The chapters trace the evolution of this insight. They explore how ideas become capital, how democracy optimally deploys that capital, and how rule of law protects it. They show that growth is not the random byproduct of natural resources or geography, but the predictable outcome of human collaboration structured through just institutions. The CDR economic model reveals that global average endogenous growth is 1.8 percent per annum — a seemingly modest rate that represents the steady hum of humanity’s collective creative engine. Yet extraordinary collaboration can raise this rate far beyond its natural baseline, transforming the standard of living across nations.

This theory also confronts uncomfortable truths. Historical oppression, forced labor, discrimination, and environmental injustice have left deep epigenetic and psychological scars that have diminished collaboration within certain communities. These effects persist across generations, impeding economic performance and human potential.

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오디오북: 2025년 11월 22일