Quantum Economics

"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.