In this accessible analysis, an economist examines the psychology behind world economic developments and sociological phenomena and argues that conventional economic models inaccurately reflect the complexity of human behavior. Emphasizing the relationship between chaos theory and economics, he asserts that economists should learn from biology as ...
This is a fascinating and provocative study of failure within business, economics, and government. "Why Most Things Fail" argues that failure is the distinguishing feature of corporate life and uses it to link economic models with models of biological evolution. Inspired by advances in evolutionary theory and biology, author Paul Ormerod ...
This is a clearly written critique, and an attack on cows sacred to both academics and financiers in the economic community. The author demonstrates how the contending schools of economic thought share the same underlying defects and flaws that go deeper than the quibbles between Monetarists and Keynesians.
This title is presented with commentaries by Samuel Brittan and Melanie Powell. In "Happiness, Economics and Public Policy", Helen Johns and Paul Ormerod analyse the economic research that underlies politicians' growing preoccupation with measures of 'well-being'. In a lucid and compelling analysis, written for economists and non-economists alike, ...
This is the essential book on why some businesses fail...and how to avoid it. From the best-selling author of "The Death of Economics" and "Butterfly Economics", this is a ground-breaking look at a truth all too seldom acknowledged: most commercial and public policy ventures will not succeed. Paul Ormerod draws upon recent advances in biology to ...
In recent years, the economic analysis of crime has helped increase our understanding of different influences on crime levels. Although economic factors may not cause crime, different economic circumstances can increase or decrease the likelihood that an individual who may feel inclined towards criminal behavior will commit a crime in practice. ...
The economy is like society itself, he argues: a complex system living on the edge of chaos. Conventional economics has always failed to predict and manage its fluctuations. Governments and businesses need to adopt quite different mindsets and less heavy-handed approaches. Hence Butterfly Economics.
Ormerod tears up conventional wisdom and explains why the economy is much more than the sum of its parts. He argues that the economy must be viewed more like a living organism and suggests that policies designed to solve such problems as unemployment are doomed to a high failure rate. He suggests that different mind-sets and approaches are needed.
Binding: Softcover
Publisher: Institute of Economic Affairs
ISBN-13:9780255366007ISBN:0255366000
Description: New. PLEASE NOTE: All books are promptly imported from the UK using International Priority Airmail. Delivery is typically 5-10 working days. Please do not select expedited shipping. Heavier and more expensive items have tracking number. Professional and reliable bookseller (est.1987). read more
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