What’s Wrong with Economics?

[A]n important and fundamentally correct critique of the core methodology of economics: individualistic; analytical; ahistorical; asocial; and apolitical -Martin Wolf, Financial Times Skidelsky...argues that the insights of behavioural economics, and other heterodoxies, are either ignored or treated as special cases of only limited relevance. All of this has resonance. -Bridget Rosewell, The Society of Professional Economists This impassioned critique aims to show how economic laws have limited scope compared with the laws in natural science. To be effective, Skidelsky argues, economics must include institutions and their power, and move towards social sciences such as politics and sociology. -Andrew Robinson, Nature Skidelsky's book is a much-needed contribution to the ongoing debate of the shortcomings of mainstream economics and its economic policy suggestions....I think that the book should be essential reading not only for all students of economics but for everyone who is interested in a deeper understanding of major contemporary economic and political issues. -Stavros A. Drakopoulos, History of Economic Ideas Robert Skidelsky has written the book that anyone who wants to learn economics-and anyone who thinks that they know economics-should read. -Meghnad Desai, author of Hubris: Why Economists Failed to Predict the Crisis and How to Avoid the Next One This is a cogent and highly readable exposure of economics as a discourse, often free from the constraints of history and politics, and therefore free to inhabit an imaginary world underpinned by the seductive verities of logic and mathematics. It also helps to explain why 2008 took the whole world by surprise. -Gareth Stedman Jones, author of An End to Poverty? Skidelsky gives a wonderfully readable, compelling and compassionate account of where economics goes wrong. This is an urgent message for all sides to hear. -Nancy Cartwright, Professor of Philosophy, Durham University