Why do things go wrong? Why do things go right? Why are weather forecasts always wrong? Why are economic forecasts even worse?John Legge explains that uncertainty is part of the Universe: spending m
John M. Legge shows the many ways in which the real world diverges from economics textbooks. He argues that mainstream economic theory took a disastrous turn 140 years ago, when it attempted to use ca
Legge sets out a series of empirical facts about the way a modern market economy works and contrasts them to predictions from the economics literature. He hopes to explain to entrepreneurs, managers,
