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

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Economyths: How the Science of Complex Systems Is Transforming Economic Thought image
ISBN-10:

1848312199

ISBN-13:

9781848312197

Author(s): David Orrell
Released: Jan 01, 2012
Publisher: Icon Books
Format: Paperback, 320 pages

Description:

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.

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