Ricardo's Dream: How Economists Forgot the Real World and Led Us Astray
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 globalization 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.

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Ricardo's Dream: How Economists Forgot the Real World and Led Us Astray
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 globalization 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.

22.95 In Stock
Ricardo's Dream: How Economists Forgot the Real World and Led Us Astray

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

by Nat Dyer
Ricardo's Dream: How Economists Forgot the Real World and Led Us Astray

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

by Nat Dyer

Paperback(First Edition)

$22.95 
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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 globalization 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.


Product Details

ISBN-13: 9781529225501
Publisher: Bristol University Press
Publication date: 12/01/2024
Edition description: First Edition
Pages: 344
Product dimensions: 5.51(w) x 8.50(h) x (d)

About the Author

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.

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. New Hope

Conclusion: Look at the World

What People are Saying About This

From the Publisher

“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

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