Economists and economics have been harshly criticised recently. This book accepts many of the criticisms of conventional theory but argues that the fundamental insights of economics are capable of reinterpretation and reinvention to deal with a host of contemporary concerns – social networks, globalisation, pay inequality, climate change, automation and the growth of ‘nudge’ policy amongst many others. The author uses his weekly column in the London business newspaper City A.M. to explain ...

With the same originality and astuteness that marked his widely praised Butterfly Economics, Paul Ormerod now examines the “Iron Law of Failure” as it applies to business and government–and explains what can be done about it.“Failure is all around us,” asserts Ormerod. For every General Electric–still going strong after more than one hundred years–there are dozens of businesses like Central Leather, which was one of the world’s largest companies in 1912 but was liquidated ...

Why did VHS, an inferior video recording technology, succeed in the marketplace, driving the superior Betamax out of business? Why do big-budget, acclaimed movies sometimes flop at the box office, while low-budget, idiosyncratic films become huge hits? The answers to these questions, says Paul Omerod, remind us that economics is a science based on the workings of human society, as unpredictable an entity as there is. "Conventional economics is mistaken," claimes Omerod, "when it views the ...

According to Paul Ormerod, author of the bestselling Butterfly Economics and Why Most Things Fail, the mechanistic viewpoint of conventional economics is drastically limited - because it cannot comprehend the vital nature of networks. As our societies become ever more dynamic and intertwined, network effects on every level are increasingly profound. 'Nudge theory' is popular, but only part of the answer. To grapple successfully with the current financial crisis, business...

From the best-selling author of The Death of Economics and Butterfly Economics, a ground-breaking look at a truth all too seldom acknowledged: most commercial and public policy ventures will not succeed.Paul Ormerod draws upon recent advances in biology to help us understand the surprising consequences of the Iron Law of Failure. And he shows what strategies corporations, businesses and governments will need to adopt to stand a chance of prospering...

The overall aim of this book, an outcome of the European FP7 FET Open NESS project, is to contribute to the ongoing effort to put the quantitative social sciences on a proper footing for the 21st century. A key focus is economics, and its implications on policy making, where the still dominant traditional approach increasingly struggles to capture the economic realities we observe in the world today - with vested interests getting too often in the way of real advances.Insights into...

Step into a world of adventure and intrigue with this thrilling tale of time travel and parallel universes.Kit Livingstone discovers a shocking truth about the ley lines in Britain - they are not just legend, but gateways to other worlds.Alongside a team of intrepid explorers, Kit embarks on a quest to recover the lost Skin Map - a code that holds the key to unlocking the secrets of the multiverse. But the journey is fraught with danger and the ultimate pri...

An updated edition of Ben Pimlott’s classic biography of the Queen: ‘There is no better biography of Elizabeth II.’ PETER HENNESSY, Independent on Sunday‘A magisterial biography and the only one that seriously deals with her constitutional and political role' Tim Shipman, Sunday TimesThe royal family have been through a tumultuous decade, but with the wedding of Prince William to Kate Middleton, Prince Philip’s 90th birthday and the forthcoming Diamond Jubilee cele...

In 1947, the U.S. Army left behind a secret when they closed Ft. Miles, Delaware. A threat so deadly, they buried it 1000 feet down in the Atlantic Ocean. Now, sixty years later, an oil rig drilling off the coast of Delaware has hit something.Now one man holds the key to the survival of the planet.

The book behind the major TV series - Secret City - screening on Netflix and Fox.A sticky scandal. A political jam. A prescient tale of creeping Chinese influence, stuttering US strategy and shaky Australian loyalty, by two veteran Canberra insiders.*the Marmalade Files are documents that allegedly exist within the bowels of Foreign Affairs & trade that have been around for a half century.When seasoned newshound Harry Dunkley is sli...

A young widow is transported to post–Civil War New Orleans—and a second chance at love—in this time travel romance from the New York Times–bestselling author.Kelly Brennan, a beautiful young widow, arrives at the door wearing a horrible lime green silk and organza bridesmaid's dress. She seems confused and talks about strange devices like "telephones" and "cabs"—things that don't yet exist in this post–Civil War New Orleans.You see, Kelly has travele...

A beautiful new edition of the complete poems of A. B. 'Banjo' PatersonWhen a young man submitted a set of verses to the BULLEtIN in 1889 under the pseudonym 'the Banjo', it was the beginning of an enduring tradition. today Banjo Paterson is still one of Australia's best-loved poets.this complete collection of his verse shows the bush balladeer at his very best with favourites such as 'A Bush Christening', 'the Man from Ironbark', 'Clancy of the Overflow' and the immortal 'the Man f...