The Death of Economics

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This text questions the abilities of the economists who influence political decisions on the economy. Ormerod aims to show that traditional economists view the world in a way which ensures they will never be able to understand it. He suggests that economies are not precise, controllable machines, but dynamic organisms, that we need to find a new way of looking at if we are to operate them successfully.

Author: Paul Ormerod
Format: Hardback, 224 pages, 135mm x 216mm
Published: 1994, Faber & Faber, United Kingdom
Genre: Economics: Professional & General

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Description

This text questions the abilities of the economists who influence political decisions on the economy. Ormerod aims to show that traditional economists view the world in a way which ensures they will never be able to understand it. He suggests that economies are not precise, controllable machines, but dynamic organisms, that we need to find a new way of looking at if we are to operate them successfully.