Quantum Economics
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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 problem all along. Economics sees itself as the science of
scarcity.Instead, it should be the science of money (which plays a
surprisingly small role in mainstream theory). And money is a
substance that turns out to have a quantum nature of its own. 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.Quantum Economics
therefore starts with the meaning of the phrase `how much' - or, to
use the Latin word, quantum. 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.
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Slovart
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