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by David Orrell (Author)
About the Author
David Orrell is a scientist and writer of books on science and economics. According to the Sunday Times ‘Orrell is an engaging and witty writer, adept at explaining often complicated theories in clear language.’ His latest books are The Money Formula: Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Markets, written with Paul Wilmott; and Economyths: 11 Ways Economics Gets It Wrong (Icon Books, 2017).
About this book
A decade after the financial crisis, there is a growing consensus that economics has failed and needs to go back to the drawing board. David Orrell argues that it has been trying to solve the wrong problem all along.
Economics sees itself as the science of scarcity. Instead, it should be the science of money (which plays a surprisingly small role in mainstream theory). And money is a substance that turns out to have a quantum nature of its own.
Just as physicists learn about matter by studying the exchange of particles at the subatomic level, so economics should begin by analysing the nature of money-based transactions. Quantum Economics therefore starts with the meaning of the phrase ‘how much’ - or, to use the Latin word, quantum.
From quantum physics to the dualistic properties of money, via the emerging areas of quantum finance and quantum cognition, this profoundly important book reveals that quantum economics is to neoclassical economics what quantum physics is to classical physics - a genuine turning point in our understanding.
Table of contents
Introduction
Part 1. Quantum Money
Chapter 1: The quantum world
Chapter 2: How much
Chapter 3: Quantum creations
Chapter 4: The money veil
Chapter 5: The money bomb
Part 2. The Quantum Economy
Chapter 6: The uncertainty principle
Chapter 7: Quantum games
Chapter 8: Entangled clouds
Chapter 9: Measuring the economy
Chapter 10: We-conomics
Length: 304 pages
Publisher: Icon Books (September 11, 2018)
Language: English
ISBN-10: 1785783998
ISBN-13: 978-1785783999
Icon__Quantum Economics.epub
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