Quantum Economics: The New Science of Money
By David Orrell
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About this ebook
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.
David Orrell
David Orrell is an applied mathematician and author of popular-science books. He studied mathematics at the University of Alberta and obtained his doctorate from Oxford University on the prediction of nonlinear systems. His book Apollo's Arrow: The Science of Prediction and the Future of Everything was a national bestseller and finalist for the 2007 Canadian Science Writers' Award, and his book Economyths: Ten Ways Economics Gets It Wrong was a finalist for the 2011 National Business Book Award.
Read more from David Orrell
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Reviews for Quantum Economics
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- Rating: 5 out of 5 stars5/5I was dumbfounded by the breadth of research and depth of analysis, insight, creativity and faith in the cosmos and humanity.