Economyths upends the basic tenets of economic thought, and points the way to a new understanding of the economy. When the book 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 feed into the real economy, leading paradoxically to their opposites: inequality, an irrational economy, financial instability, and a collision with nature's limits.

Since then, we've had the Occupy movement, political upheaval, flash crashes in financial markets, the warmest few years in recorded history - and a growing chorus of voices 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 a tradition of thought that goes back to the ancient Greeks, making them hard to dislodge. And in a new final chapter, he uncovers, demolishes, and develops an alternative to the greatest economyth of all - the one that will lead to the collapse of orthodox economics.