Quantum Economics
Subtitle: the new science of money
By: David Orrell
Publisher: Icon Books Ltd
Published: 2018
Language: eng
Number of pages: 390
ISBN-13: 9781785783999
Subjects: Quantum theory; Economics
Description: "A decade adfter the financial crisis of 2007-2008, it's clear that economics had failed and needs to go back to the drawing board. David Orrell argues thatr we can use the insights of quantum theory to create a 'real-world' economics that works for us all. Surprisingly, mainstream economists barely mention the role of money, but money is in fact a complex quantum system. Just as a quantum physicist will tell you that a subatomic particle doesn't have a fixed location or momentyum until someone takes a measuremenmt of it, a quantum economist will say that your house has a value but no actual price until somebody buys it. Quantum mechanics shopws tat the universe is far more unpredictable than had been supposed. Similarly, quantum economics presenst an economy that is notr efficient, fair and stable, but complex, entangled and creative, and that tends toward inequity and instability - very much like the world we live in."--Back cover.
Notes: Includes bibliographical references (pages 327-374) and index.
Table of contents: title: Introduction; title: Part one: Quantum money (1. The quantum world ; 2. How much ; 3. Quantum creations ; 4. The money veil ; 5. The money bomb); title: Part two: The quantum economy (6. The uncertainty princiople ; 7. Quantum games ; 8. Entangled clouds ; 9. Measuring the economy ; 10. We-conomics); title: Appendix.