The financial crisis of 2008 exposed the failures and fallacies of prevailing economics theory and practice, according to retired investment banker Giles Conway-Gordon of Ronan. In his new book, “Shamanomics — A Short Guide to the Failure, Fallacies and Future of Macroeconomics,” Conway-Gordon explains in relatable, layperson language how the modern, mathematics-based practice of economics fails to be helpful in making policy by ignoring the decidedly un-mathematical, but critically important, nature of actual human beings.
The book was published by Colorado-based Outskirts Press in May and is available at online retailers including Barnes & Noble and Amazon.
Conway-Gordon studied philosophy, politics and economics at Oxford University in the early 1960s. Even then, as an undergraduate, he found the subject of economics “questionable in its…