Ricardo’s Dream: How Economists Forgot the Real World and Led Us Astray

Author:   Nat Dyer (Fellow of the Schumacher Institute)
Publisher:   Bristol University Press
ISBN:  

9781529225501


Pages:   344
Publication Date:   26 November 2024
Format:   Paperback
Availability:   Not yet available, will be POD   Availability explained
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Ricardo’s Dream: How Economists Forgot the Real World and Led Us Astray


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Overview

From the workings of financial markets to our response to the ecological crisis, economic theory shapes the world. But where do these ideas come from? Ricardo's Dream tells the fascinating story of David Ricardo, Adam Smith's only real rival as the 'founder of economics': The wealthiest stock trader of his day, Ricardo introduced the study of abstract models to economics. He also developed the theory of trade that underpinned globalisation and hides, behind its mathematical facade, a history of power, empire and slavery. Brimming with fresh ideas and stories, Ricardo's Dream shows how too many economists, from Ricardo's day to our own, have turned away from observing the real world and led us astray.

Full Product Details

Author:   Nat Dyer (Fellow of the Schumacher Institute)
Publisher:   Bristol University Press
Imprint:   Bristol University Press
ISBN:  

9781529225501


ISBN 10:   1529225507
Pages:   344
Publication Date:   26 November 2024
Audience:   Professional and scholarly ,  General/trade ,  Professional & Vocational ,  General
Format:   Paperback
Publisher's Status:   Forthcoming
Availability:   Not yet available, will be POD   Availability explained
This item is yet to be released. You can pre-order this item and we will dispatch it to you upon it's release. This is a print on demand item which is still yet to be released.

Table of Contents

"Introduction: ""As Certain as the Principle of Gravitation"" Part 1: Birth 1. The Other Founding Father of Economics 2. ""The Unshakeable Basis for International Trade"" 3. Unequal Treaty 4. Black Gold 5. Newton's Mint 6. The Empire of Free Trade Part 2: Death 7. ""Dropped from Another Planet"" 8. ""Purely Hypothetical Truths"" 9. The Fall Part 3: Rebirth 10. The Return of Unreality 11. Big Finance 12. Trading Barbarians 13. Life: An Externality 14. Another Fall? Conclusion: Look at the World"

Reviews

“Systematically examines and excavates the flimsy foundations of today's economic orthodoxy. ....essential reading for the curious and a vital antidote for all students of economics."" Ann Pettifor, Policy Research in Macroeconomics “A fascinating investigation into the development of economic thought from David Ricardo’s era to the present day – and its impact on real lives and livelihoods. Wide-ranging and carefully researched, this book shows the temptations and dangers of assuming away too much of reality in the pursuit of elegant economic models. A heartfelt and reasoned call for a more human economics.” Erica Thompson, author of Escape from Model Land “Brilliant and erudite... This pioneering deep dive into Ricardo’s intellectual and social universe is a revelation for those interested in history, economics, science and their rich interaction at the dawn of the modern world.” Jacob Soll, University of Southern California, author of Free Market: The History of an Idea “A wonderful achievement bursting with humanity. As important for how we study international economic affairs today as it is in reappraising nineteenth-century imperial trade."" Matthew Watson, University of Warwick “Dyer skilfully shows how Ricardo’s simple, incredibly influential models hid a history of conquest and exploitation spanning four continents — and how a commitment to models over evidence can hide similar misdeeds even today.” Elizabeth Popp Berman, University of Michigan, author of Thinking Like an Economist “Excellently researched and beautifully written, Ricardo’s Dream transformed my understanding of Isaac Newton’s engagement in global trade and British imperialism by highlighting the importance of Brazilian gold.” Patricia Fara, University of Cambridge, author of Life After Gravity “This important and lucid book skewers – in delightful detail – the false gods of the profession that has wreaked so much modern havoc, around the globe.” Nicholas Shaxson, author of Treasure Islands “Nat Dyer's gripping, page-turning exposé of the Neverland of economic models, thriving at the crippling expense of the real world, is simply brilliant.” Patrick Alley, co-founder Global Witness and author of Very Bad People and Terrible Humans “Economics should be about the wellbeing of people and the integrity of the planet Earth. This brilliant book gets us closer to this end goal.” Satish Kumar, author of Soil, Soul, Society “An engaging critique of economics, which takes Ricardo’s personality and his abstract theories of trade and rent as founding models for the discipline. Lively and compelling, it calls for more grounded and inclusive approaches.” Avner Offer, University of Oxford


"“A fascinating investigation into the development of economic thought from David Ricardo’s era to the present day – and its impact on real lives and livelihoods. Wide-ranging and carefully researched, this book shows the temptations and dangers of assuming away too much of reality in the pursuit of elegant economic models. A heartfelt and reasoned call for a more human economics.” Erica Thompson, author of Escape from Model Land “A wonderful achievement bursting with humanity. As important for how we study international economic affairs today as it is in reappraising nineteenth-century imperial trade."" Matthew Watson, University of Warwick “This important and lucid book skewers – in delightful detail – the false gods of the profession that has wreaked so much modern havoc, around the globe."" Nicholas Shaxson, author of Treasure Islands ""Nat Dyer's gripping, page-turning exposé of the Neverland of economic models, thriving at the crippling expense of the real world, is simply brilliant.” Patrick Alley, co-founder Global Witness and author of Very Bad People and Terrible Humans"


Author Information

Nat Dyer is a writer and researcher specialising in global political economy. He is a Fellow of the Schumacher Institute and the Royal Society of Arts. He has worked for Global Witness and for Promoting Economic Pluralism and his stories have been reported on by the BBC, the New York Times and Bloomberg. Find out more at @natjdyer and www.natdyer.com.

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