Butterfly economics : a new general theory of social and economic behaviour
Author(s)
Bibliographic Information
Butterfly economics : a new general theory of social and economic behaviour
Faber and Faber, 1998 ,
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Note
Bibliography: p. 201-203
Includes index
Description and Table of Contents
- Volume
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:uk ISBN 9780571190058
Description
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.
- Volume
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:export pbk ISBN 9780571200412
Description
Paul Ormerod, renowned as the thinking person's economist, tears up conventional wisdom and explains why the economy is so much more than the sum of its parts. Taking in the latest scientific, social and mathematical theories, Ormerod argues that the economy must be viewed as more like a living organism than a machine. Like society itself, it is a complex system, living at the edge of chaos. Despite what governments like to think, such systems are inherently difficult to predict and manage. Not least because tiny fluctuations can produce enormous changes - just as the beating of a butterfly's wings on one continent can, it is said, cause a tornado to start on another. Containing much original research material and illustrated with ingenious examples from a wide range of countries, Butterfly Economics will provoke widespread debate in the UK and abroad.
by "Nielsen BookData"
