Economyths: How the Science of Complex Systems Is Transforming Economic Thought

Price 8.08 - 23.28 USD

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EAN/UPC/ISBN Code 9781848312197

Brand Icon Books

Author

Producer Icon Books

Pages 320

Year of production 2012

Binding 130x200

A groundbreaking look at how the science of complex systems is changing economics. Economics has for decades claimed that the economy is a rational, stable, efficient machine, governed by well-understood laws. Mathematician David Orrell traces the history of this idea from ancient Greece to the financial centres of London and New York, showing exactly how it is mistaken - and then brilliantly illustrates how new ideas in mathematics, psychology, and environmentalism are helping to reinvent economics for the 21st century.