When Economyths was first published 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.
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