A decade after the financial crisis, there is a growing consensus that Economics has failed and needs to go back to the drawing board.
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..
Quantum Economics therefore starts with the meaning of the phrase ‘how much’ – or, to use the Latin word, quantum.
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.
And money is a substance that turns out to have a Quantum nature of its own.
Instead, it should be the science of money (which plays a surprisingly small role in mainstream theory).
Economics sees itself as the science of scarcity.
David Orrell argues that it has been trying to solve the wrong problem all along.
A decade after the financial crisis, there is a growing consensus that Economics has failed and needs to go back to the drawing board
