000 01698nam a22002057a 4500
999 _c1816
_d1816
003 OSt
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020 _a978-1-8483-1219-7
040 _cIZA
100 _aOrrell, David
_94818
245 _aEconmyths: How the science of complex systems is transforming economic thought
260 _aLondon,
_biconbooks,
_c2012
300 _a313 pages
520 _aEconomyths 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.
653 _aeconomics
653 _amyths
856 _uhttp://www.postpythagorean.com/book_economyths.html
_yAuthor's website
942 _2ddc
_cBO