by Paul Ormerod · Faber & Faber Ltd · tapa blanda · ISBN 9780571197262
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«Butterfly Economics» is the economic essay by Paul Ormerod, published by Faber & Faber in paperback (240 pages, in English).
Ormerod argues that the economy acts more like a living organism than a machine: a complex system on the edge of chaos, whose outcome is not the sum of its parts. Conventional economics fails to predict its fluctuations; governments and businesses need other mindsets and less interventionist approaches.
The full title includes the subtitle 'A New General Theory of Social and Economic Behaviour'. It is the sequel to 'The Death of Economics'.
For readers interested in economics, systems theory, and critical approaches to traditional economic thought.
Paul Andrew Ormerod is a British economist who is a partner at Volterra Partners consultancy. Additionally, he is a visiting professor at UCL Centre for Decision Making Uncertainty.
