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

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

by David Orrell

  • ISBN

    :  

    9781848312197

  • Publisher

    :  

    Icon Books

  • Subject

    :  

    Economics

  • Binding

    :  

    PAPERBACK

  • Pages

    :  

    320

  • Year

    :  

    2012

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958.0

₹

958.0

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  • 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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