David Orrell

David Orrell. Writer and Mathematician

Quantum Economics: The New Science of Money

 

 

Quantum Economics

 

Coming summer 2018 from Icon Books

Publisher's synopsis

A decade after the financial crisis, there is a growing consensus that economics has failed and needs to go back to the drawing board. Quantum Economics 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. This book 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, Quantum Economics reveals that quantum economics is to neoclassical economics what quantum physics is to classical physics - a genuine turning point in our understanding.

“As money becomes more digital and diffuse, it also becomes more quantum. In this timely and illuminating book, David Orrell brings us to the frontier of where economics, physics and psychology intersect. You'll never look at money the same again!.” Parag Khanna, author of Connectography: Mapping the Future of Global Civilization

Related research articles

Quantum Economics, Economic Thought, discussion paper

A Quantum Theory of Money and Value, Part 2: The Uncertainty Principle, Economic Thought, 6 (2), 14-26, 2017

A Quantum Theory of Money and Value, Economic Thought, 5 (2), 19-28, 2016

Other articles

Of Minds and Money, February 2018, Rebuilding Macroeconomics

Economics is Quantum, January 2018, Aeon

Why Economists Can't Predict the Future, October 2017, Newsweek Japan (English version)

Colin Teese, Money and Quantum Physics (review of The Evolution of Money), News Weekly, February 2017

The True Value of Money, September 2015, Adbusters 121

A Quantum Theory of Money and Value, Bitcoin Magazine, August 2015. Also available in French.

Quantum Money, World Finance, May 2015