When Economyths was
first published by Wiley in 2010, David Orrell showed how mainstream
economics is based on key myths such as fair competition, rational
behaviour, stability and eternal growth – and how these myths lead
paradoxically to their opposites: inequality, an irrational economy,
financial instability and a collision with nature’s limits.Since
then, we’ve had Occupy, political upheaval, flash crashes in
financial markets, the warmest few years in recorded history – and
a growing chorus demanding fundamental reform. So how has economics
responded?In this revised and expanded edition, Orrell shows how the
ten myths still dominate economics. He reveals their roots in thought
that goes back to the ancient Greeks, making them hard to dislodge.
And he uncovers, demolishes and develops an alternative to the
greatest economyth of all – the one that will lead to the collapse
of orthodox economics.
