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 pr
For centuries, economics was dominated by the idea that we are rational individuals who optimise our own 'utility'. Then, in the 1970s, psychologists demonstrated that the reality is a lot messier. We
In this sweeping book, applied mathematician and popular author David Orrell questions the promises and pitfalls of associating beauty with truth, showing how ideas of mathematical elegance have inspi
For centuries, scientists have strived to predict the future. But to what extent have they succeeded? Can past events-Hurricane Katrina, the Internet stock bubble, the SARS outbreak-help us understand
The sharing economy's unique customer to company exchange is possible because of the evolution of money. These transactions haven't always been as fluid as they are today, but they are likely to becom
Today, economics is everywhere, and it’s never been more popular? as bestselling books such as Freakonomics attest. But what is economics really about? What do the great economists think, and what can
