Is economics on the verge of a paradigm shift? This is the question raised by David Orrell’s excellent book Economyths, in which he dissects the flaws at the heart of neoclassical economics and argues not onlythat it is not fit for purpose, but that it is responsible for many of society’s current problems. As a book that sets out to ‘change your world view’ it really fits the theme of this blog. While I had an existing scepticismof the state of economics when I began reading it, the book has really opened my eyes to the breadth and depth of the problems.
Is Economics On the Verge of a Paradigm Shift? David Orrell's Economyths and the Perils of Financial Engineering
