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Money, Magic, and How to Dismantle a Financial Bomb

Money, Magic, and How to Dismantle a Financial Bomb

Quantum Economics for the Real World

by David Orrell
Hardback
Publication Date: 16/08/2022
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"Orrell argues that modelling markets with the mathematical toolbox of quantum mechanics could lead to a better understanding of them ... Such ideas may still sound abstract. But they will soon be physically embodied on trading floors ... One way or another, finance will catch up." The Economist

How quantum economics can dispel the illusions surrounding money and help us reform finance

Money has many apparently magical properties. It can be created out of the void - and vanish without so much as a puff of smoke. It can flash through space. It can grow without limit. And it can blow up without warning.

David Orrell argues that the emerging discipline of quantum economics, of which he is at the forefront, is the key to shattering the illusions that prevent us from understanding money's true nature.

In this colourful tour of the history, philosophy and mathematics of money, Orrell demonstrates how everything makes much more sense when we replace our classical economic models with ones based on quantum probability - and reveals the explosive reality of what is left once the illusions are stripped away.

 

 

ISBN:
9781785788284
9781785788284
Category:
Economics
Format:
Hardback
Publication Date:
16-08-2022
Language:
English
Publisher:
Icon Books, Limited
Country of origin:
United Kingdom
Dimensions (mm):
240.03x162.05x35.05mm
Weight:
0.61kg
David Orrell

David Orrell is a scientist and writer of books on science and economics. According to the Sunday Times 'Orrell is an engaging and witty writer, adept at explaining often complicated theories in clear language.' His latest books are The Money Formula: Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Markets, written with Paul Wilmott; and Economyths: 11 Ways Economics Gets It Wrong (Icon Books, 2017).

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