Economics is a broken science, living in a kind of
Alice in Wonderland state believing in multiple,
inconsistent, things at the same time. Prior to the
financial crisis, mainstream economics argued
simultaneously for small government on taxation,
regulation and spending, but big government on monetary
policy. After the financial crisis, economics is now
arguing for more government spending and for less
government spending. The premise of this book is that
the internal inconsistencies between economic theories -
the apparently unresolvable debates between leading
economists and the incoherent policies of our
governments - are symptomatic of economics being in a
crisis. Specifically, in a scientific crisis. The good
news is that, thanks to the work of scientist and
philosopher Thomas Kuhn, we know what needs to be done
to fix a scientific crisis. Moreover, there are two
scientists in particular whose ideas could show how to
do this for economics: Charles Darwin, the man who
discovered evolution, and William Harvey, doctor to King
Charles I and the first man to understand blood flow and
the workings of the human heart. In Money, Blood and
Revolution, bestselling financial writer George Cooper
explains how the ideas of Darwin and Harvey could
revolutionise economics, making it more scientific and
understandable, and might even reveal the true origin of
economic growth and inequality. Taking readers on a
gripping tour of scientific revolution, social upheaval
and the secrets of money and debt, this is an unmissable
read for anyone curious to understand how the world
really works - and the amazing future of
economics. |
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