Shamanomics: A Short Guide to the Failure, Fallacies and Future of Macroeconomics

The global financial Crisis of 2008 demonstrated the comprehensive failure of Economics and of the theory of economic management which has dominated Economics for more than 50 years. It was, in particular, a disastrous failure for macroeconomists, those economists who deal with the big economic factors like growth, inflation and employment and who act as policy advisors to governments.

This book explains the reasons for this failure. The strong growth and soaring financial markets of the 19...