Economyths
11 Ways Economics Gets it Wrong
Published on 6. July 2017
320 pages
978-1-78578-244-2 (ISBN)
Description
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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07/2017
Icon Books
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Person
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.
Content
- Intro
- Title Page
- Contents
- Foreword to the 2017 edition
- Preface to the 2017 edition
- Introduction
- Chapter 1: The anarchic economy
- Chapter 2: The connected economy
- Chapter 3: The unstable economy
- Chapter 4: The extreme economy
- Chapter 5: The emotional economy
- Chapter 6: The gendered economy
- Chapter 7: The unfair economy
- Chapter 8: The over-sized economy
- Chapter 9: The unhappy economy
- Chapter 10: The good economy
- Chapter 11: The two-faced economy
- Appendix: The five stages of economic grief
- Notes
- Acknowledgements
- Index
- Copyright
