Quantum economics?

I’m at the International Symposium on Forecasting in Boulder at the University of Colorado & just heard an interesting keynote by mathematician David Orrell. I have his newest book, Quantum Economics on my pile, as yet unread. I was slightly put off by the title of his previous book Economyths: Ten Ways Economics Gets It Wrong, assuming it to be another contribution to the tendentious econ-bashing genre. However, I’ll give Quantum Economics a go now, as the talk made it sound possibly a less strained/bizarre metaphor than one might imagine, incorporating discontinuous macro processes, indeterminate prices, absence of equilibrium, and the importance of historical context. I don’t know if you need quantum theory to incorporate such features but it makes the book sound worth a read. Not sure I can muster the enthusiasm for Economyths, however ..

 

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