Death of Economics - Paul Ormerod

Death of Economics: The Great Dismal Science's Demise and Why It Matters

In his provocative and iconoclastic book, Death of Economics, Paul Ormerod argues that the dismal science is in a state of crisis. The models and theories that economists have relied on for decades are no longer able to explain the real world. This is not just a matter of academic interest; it has profound implications for our lives and our future.

Ormerod begins by showing how the traditional economic model of rational, self-interested individuals is simply not realistic. In fact, people are often irrational and emotional, and their decisions are often influenced by factors such as social norms and cultural values. This means that the predictions of economic models are often inaccurate, and they can even be harmful when they are used to make policy decisions.

Ormerod also argues that the economy is not a self-regulating system that will always return to equilibrium. In fact, the economy is often unstable, and it can be subject to sudden and unpredictable changes. This means that the government needs to play a more active role in managing the economy, in order to prevent it from overheating or crashing.

Finally, Ormerod argues that the current economic system is unsustainable. It is based on the assumption that we can continue to grow our economy indefinitely, without regard to the environmental consequences. This is simply not possible, and we need to find a new way to organize our economy that is more sustainable.

Death of Economics is a powerful and provocative book that challenges the conventional wisdom about how the economy works. It is a must-read for anyone who wants to understand the real world and make informed decisions about the future.

Why You Should Read Death of Economics

If you are interested in the economy, then you need to read Death of Economics. This book will challenge your assumptions about how the economy works, and it will give you a new perspective on the world.

Here are a few reasons why you should read Death of Economics:

• It is a well-written and engaging book. Ormerod is a gifted writer, and he makes complex economic concepts easy to understand.
• It is based on solid research. Ormerod draws on a wide range of sources, including economic theory, history, and psychology, to support his arguments.
• It is provocative and thought-provoking. Ormerod is not afraid to challenge conventional wisdom, and he raises important questions about the future of the economy.

If you are ready to learn more about the economy, then I highly recommend that you read Death of Economics. It is a book that will change the way you think about the world.

How to Buy Death of Economics

Death of Economics is available in hardcover, paperback, and audiobook. You can purchase the book from a variety of online retailers, including Amazon, Barnes & Noble, and Books-A-Million. You can also find the book at your local library.

If you are interested in learning more about the economy, then I highly recommend that you read Death of Economics. It is a book that will change the way you think about the world.