Economyths How the Science of Complex Systems is Transforming Economic Thought edition by David Orrell Politics Social Sciences eBooks ebook YMY

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From the inability of wealth to make us happier, to our catastrophic blindness to the credit crunch, "Economyths" reveals ten ways in which economics has failed us all. Forecasters predicted a prosperous year in 2008 for financial markets - in one influential survey the average prediction was for an eleven per cent gain. But by the end of the year, the Standard and Poor's 500 index - a key economic barometer - was down 38 per cent, and major economies were plunging into recession. Even the Queen asked - Why did no one see it coming? An even bigger casualty was the credibility of economics, which for decades has 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 its roots in ancient Greece to the financial centres of London and New York, shows how it is mistaken, and proposes new alternatives. "Economyths" explains how the economy is the result of complex and unpredictable processes; how risk models go astray; why the economy is not rational or fair; why no woman (until 2009) had ever won the Nobel Prize for economics; why financial crashes are less Black Swans than part of the landscape; and, finally, how new ideas in mathematics, psychology, and environmentalism are helping to reinvent economics.
ebook,David Orrell,Economyths How the Science of Complex Systems is Transforming Economic Thought,Icon Books Ltd,Business Economics / Economics / General,Capital markets securities law regulation,Complex analysis, complex variables,Economic theory philosophy,Economics,Economics Professional General,International finance,POLITICAL SCIENCE / International Relations / General,Business Economics / Economics / General,POLITICAL SCIENCE / International Relations / General,Economics Professional General,Complex analysis, complex variables,International finance,Capital markets securities law regulation

Economyths How the Science of Complex Systems is Transforming Economic Thought edition by David Orrell Politics Social Sciences eBooks Reviews :

From the inability of wealth to make us happier, to our catastrophic blindness to the credit crunch, "Economyths" reveals ten ways in which economics has failed us all. Forecasters predicted a prosperous year in 2008 for financial markets - in one influential survey the average prediction was for an eleven per cent gain. But by the end of the year, the Standard and Poor's 500 index - a key economic barometer - was down 38 per cent, and major economies were plunging into recession. Even the Queen asked - Why did no one see it coming? An even bigger casualty was the credibility of economics, which for decades has 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 its roots in ancient Greece to the financial centres of London and New York, shows how it is mistaken, and proposes new alternatives. "Economyths" explains how the economy is the result of complex and unpredictable processes; how risk models go astray; why the economy is not rational or fair; why no woman (until 2009) had ever won the Nobel Prize for economics; why financial crashes are less Black Swans than part of the landscape; and, finally, how new ideas in mathematics, psychology, and environmentalism are helping to reinvent economics.

ebook,David Orrell,Economyths How the Science of Complex Systems is Transforming Economic Thought,Icon Books Ltd,Business Economics / Economics / General,Capital markets securities law regulation,Complex analysis, complex variables,Economic theory philosophy,Economics,Economics Professional General,International finance,POLITICAL SCIENCE / International Relations / General,Business Economics / Economics / General,POLITICAL SCIENCE / International Relations / General,Economics Professional General,Complex analysis, complex variables,International finance,Capital markets securities law regulation

Economyths How the Science of Complex Systems is Transforming Economic Thought - edition by David Orrell. Download it once and read it on your device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Economyths How the Science of Complex Systems is Transforming Economic Thought.

 

Product details File Size 1559 KB Print Length 323 pages Publisher Icon Books Ltd (May 6, 2010) Publication Date May 6, 2010 Sold by  Services LLC Language English ASIN B00JFVOMAO

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