Annals of Spiru Haret University Economic Series (Mar 2011)

Book reviews: Errornomics – Why mainstream economics will always be a dangerously ideological pseudo-science & what can be done about it with some suggestions for a better, more scientific model

  • Isadora Lazar

Journal volume & issue
Vol. 11, no. 1
pp. 177 – 184


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David Wells asserts the moral right to be identified as the author of Errornomics and this pamphlet based on it. Errornomics is a pre-book (by an analogy with academic pre-papers) of 214 pp. It is described on the cover as an author’s sketch because it is a record of work-in-progress. The most important arguments are laid out in detail; the less important are just sketched. It is based on the books, Power and Economics: the Failure of Ideology, [Wells 2001]; The End of Civilisation: Science, Ideology and Irrationality, [Wells 2003], both published by Rain Press, but develops their concepts much further and in new directions.