The Death of Economics"Important and ingenious . . . ought to be read by every educated person." —The Spectator. Renowned British economist Paul Ormerod explodes current economic theory to offer a radical new framework for understanding how human societies and economies really operate. His bold and impassioned arguments about how and why economics should be recast to reflect the current ills of Western society —including unemployment, crime, and poverty —are both persuasive and controversial. Integrating ideas from biology, physics, artificial intelligence, and the behavioral sciences, Ormerod's groundbreaking approach is sure to have far-reaching repercussions. "A clear, concise, and yet sophisticated history of economic thought that should be required reading for Economics 101 courses. The fundamental challenge is to view the economy more as an organism than a machine and place it in its larger political, social, and moral context." —The Washington Post "A vigorous, informed, and thoughtful critique of the dismal science." —Kirkus Reviews. "Crucial reading for the concerned citizen, which ought to mean all of us. . . . This book is very timely indeed." —The Observer "Economics has some battles to fight. . . . Unless economists improve their ability to analyze and prescribe in an intelligent way, and to provide a modicum of accuracy in their forecasts, the twentieth-century pseudoscience of economics will become a twenty-first-century museum piece." —Sunday Times (London). |
From inside the book
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... income per head of the population was around 80 per cent of the British level , which was then the highest in the world . The combination of a higher population and a lower income per head meant that the size of the American domestic ...
... income , * exactly as the LV system requires . Of course , they are not the perfect ellipses of the stylised system , but the evidence demonstrates their existence quite clearly . The ellipses also shift position , to trace out paths ...
... incomes 144 economic dominance 53 , 54 , 55 , 179 employment 146 , 147 federal budget 3 and free market 68 funding of macro - economic models 101 growth rate 23 , 53–4 , 96 , 146 , 147 income per head 53 increasing returns to scale 53 ...
Contents
Economics in Crisis | 3 |
Measuring Prosperity | 22 |
Roots of Economic Orthodoxy | 38 |
Copyright | |
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