A must read for understanding the roots of the financial crisis, the severe limitations of the field of economics and what needs to be done to improve our ability to avoid future crises.

- Spyros Makridakis, author of ‘Dance With Chance’,

This is without doubt the best book I've read this year, and probably one of the most important books I've ever read.... Orrell exposes the rotten heart of economics... There are other books talking on economics, but I've not come across another that explains it so well for the layperson, takes in the credit crunch, totally destroys the validity of economics as we know it and should be required reading for every politician and banker. No, make that every voter in the land. This ought to be a real game changer of a book. Read it.

- Brian Clegg, Popular Science,

The author dissects ten fundamental misunderstandings ... Orrell manages to convincingly explain the relevance of these myths and make them understandable, even for laymen, in a wider context.

- Handelsblatt,

When Economyths was first published in 2010, David Orrell showed how mainstream economics is based on key myths such as fair competition, rational behaviour, stability and eternal growth - and how these myths lead paradoxically to their opposites: inequality, an irrational economy, financial instability and a collision with nature's limits.Since then, we've had Occupy, political upheaval, flash crashes in financial markets, the warmest few years in recorded history - and a growing chorus demanding fundamental reform. So how has economics responded?In this revised and expanded edition, Orrell shows how the ten myths still dominate economics. He reveals their roots in thought that goes back to the ancient Greeks, making them hard to dislodge. And he uncovers, demolishes and develops an alternative to the greatest economyth of all - the one that will lead to the collapse of orthodox economics.
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A brand-new edition of David Orrell’s acclaimed critique of what economics gets very wrong
'A must read for understanding the roots of the financial crisis, the severe limitations of the field of economics and what needs to be done to improve our ability to avoid future crises.'
A brand-new edition of David Orrell's acclaimed critique of what economics gets very wrong

Produktdetaljer

ISBN
9781785782299
Publisert
2017-07-06
Utgiver
Vendor
Icon Books
Vekt
326 gr
Høyde
198 mm
Bredde
129 mm
Dybde
25 mm
Aldersnivå
G, 01
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
320

Forfatter

Biographical note

David Orrell studied mathematics at the University of Alberta, and obtained his doctorate from Oxford University on the prediction of nonlinear systems. His work in applied mathematics and complex systems research has since led him to diverse areas such as weather forecasting, economics, and cancer biology. His work has been featured in the New Scientist, the Financial Times and on BBC Radio.