Book description
What do insects, the weather and chaos theory have to do with the
economy? According to Paul Ormerod, everything. The economy is like
society itself, he argues: a complex system living on the edge of
chaos. Conventional economics has always failed to predict and manage
its fluctuations. Governments and businesses need to adopt quite
different mindsets and less heavy-handed approaches. Hence 'Butterfly
Economics'. 'A fascinating and entertaining introduction to the
economics of the 21st century.' New Statesman
Paul Ormerod was for several years Head of the Economic Assessment
Unit at The Economist. He was Director of Economics at the Henley Centre
for Forecasting from 1982 to 1992, and has been a visiting Professor of
Economics at London and Manchester. He has published widely in academic
journals, lectures around the world, and is currently a director of
Volterra Consulting. He is the author of Butterfly Economics and The
Death of Economics.
