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|All Authors / Contributors:||
|Notes:||"A Thomas Dunne book."|
|Description:||viii, 230 p. : ill. ; 22 cm.|
|Contents:||1. Economics in Crisis --
2. Measuring Prosperity --
3. Roots of Economic Orthodoxy --
4. Professional Reservations --
5. Mechanistic Modelling --
6. Unemployment and Inflation --
7. Attractor Points --
8. The Dynamics of Unemployment --
9. Profits, Growth and Economic Cycles --
10. Economics Revisited --
Appendix A: Statistical analysis of the relationship between inflation and unemployment, 1952-92 --
Appendix B: Outline of the mathematical specification of the LV system.
In this insightful and sweeping critique, Paul Ormerod demonstrates how schools of economic thought, despite their many disagreements, share the same underlying defects - flaws that go far deeper than quibbles between theorists. Ormerod provides real answers and hard facts. What the world needs, he contends, is a radical new approach, drawing on ideas from other disciplines such as biology, physics, and the behavioral sciences.