Quantum Economics: The New Science of Money

Orrell, David

ISBN 10: 1785783998 / ISBN 13: 9781785783999

Published by Icon Books (edition ), 2018

About this Item

It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting.

Seller Inventory # 1785783998-11-1

Bibliographic Details

• Title: Quantum Economics: The New Science of Money
• Publisher: Icon Books (edition )
• Publication Date: 2018
• Language: English
• ISBN 10: 1785783998
• ISBN 13: 9781785783999
• Binding: Paperback
• Condition: Very Good

About this title

Synopsis

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.

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).