Undercover Economist

This is Paul Ormerod’s offering from 2005. I’m catching up. I enjoyed the book very much, although felt the last chapters were by far the best and most original. In them Ormerod studies patterns of biological extinctions and corporate bankruptcies, looks at the mathematical models that best explain them, and concludes that businesses appear to die out without any process of effective foresight, much as biological species do. Lots to chew over – an inspiration.