Praise for Sack the Economists
This book raises many interesting questions, most importantly, why does anyone take economists seriously when it comes to discussing the economy?
–Dean Baker, Co-Director, Center for Economic and Policy Research, Washington D.C.
Geoff Davies has a very good idea. Economics has locked itself into an intellectual cul-de-sac. Even its failure to anticipate the global economic crisis was not enough to force it out. So let’s sack the economists and let real scientists take over this vital but currently dangerous discipline.
– Steve Keen, Economist and author of the popular book Debunking Economics
With delightful wit and insightful analogies, geophysicist Geoff Davies dissects the inconsistencies — and the inanities — of mainstream economics. Don’t blame Adam Smith, he makes clear, for the mess this mainstream has become. Blame the intellectually lazy and morally obtuse careerists who practice an economics that in no way, shape, or form resembles the science they claim it to be. In the end, Sack the Economists helps us understand, plutocracy never works — and neither does an economics that refuses to discomfort our plutocrats.
– Sam Pizzigati, Institute for Policy Studies, Washington, D.C., and author of The Rich Don’t Always Win.
Praise for Geoff Davies
If change is going to come, it will be from other professions, like physics, engineering and biology, who are used to modelling the dynamic, unstable real world rather than fantasies of equilibrium. They should be emboldened by this crisis to step onto the turf of economics and take the field over from the economists. Geoff Davies was one of the very first to do this, long before the current crisis hit, and his physics- and biology-inspired work is part of the promise of a future economics that is actually useful–unlike the downright dangerous fantasies of today’s neoclassical economists.”
– Economist Steve Keen, author of Debunking Economics .
Praise for Economia
Geoff Davies turns his critical scientific gaze on contemporary economic orthodoxy and finds it deeply deficient. His work makes a strong case for a radical reconstruction of economic arrangements if we are to live more fruitfully and harmoniously.
– Frank Stilwell, Professor of Political Economy, University of Sydney.
Imagine a much more equal and inclusive society than we have now. It has old-fashioned family values, solid local communities, and full employment in an efficient and sustainable market economy with a debt-free money supply and no executive plunder. Impossible? Perhaps. But Geoff Davies’ project is distinguished by such common sense, hard science, practicality, surprise, fine writing and expert contempt for orthodox economics, it’s a joy to read for visionaries and sceptics alike.
– Hugh Stretton, author of Economics, A New Introduction
For all its apparent logic and orderliness neoliberal economics is also deeply irrational, as Geoff Davies lucidly illustrates in his immensely readable Economia . . . Davies, like many others is turning to an ecological model to explain our economic behaviour and its impact on the quality of our lives and on the planet.
– Keith Gallasch, RealTime magazine, June/July 2004: The arts, ecologically. Full article.
. . . one of the best analyses of the sustainability problem that I have so far encountered. . . The reader is taken on a journey of discovery that revolves around an excellent critique of economics, counterpoised against truly amazing insights into how all of life has self-organised from the simple origins of life through to the current complexity of the biosphere. . . . its lucid analysis from a systems perspective provides an excellent insight to . . .the often overlooked systemic role of the current financial system in driving unsustainability.
– Richard Sanders, CSIRO Sustainability Network Update 41E (pdf download, 464 kb). Full review
Everyone now knows that economics is a pseudo-science and that economists, in the words of the late Alistair Cooke, are “varieties of necromancers”. Still, there are few books that set out clearly why modern economic theory is humbug. This remarkable book — which systematically pillories modern economic concepts, from globalism to laissez-faire economics — has been written by a senior fellow at the Australian National University whose field of expertise is geophysics. A geophysicist writing about economics? Well, better than an economist writing about economics. If you are depressed whenever you hear an economic argument that common sense tells you is rubbish, then this is the book for you. Davies dissects modern economics and intelligently argues that it is possible to create a new economic system that will benefit society. This may be utopia, but it is utopia beautifully argued.
– Bruce Elder, Sydney Morning Herald Weekend Edition, April 24-25, 2004.
Davies has been very successful in bringing a wide range of related ideas together in an engaging and persuasive way. In addition his Part 7, Malign Money, provides a lucid explanation – which I have not seen elsewhere – of how the form of money supply chosen influences economic behaviour and social development – and of the damage caused by the neo-classical choice of monetary mechanisms.
– Change Management Monitor. Full review here; commentary comparing and contrasting Economia with Fritjof Capra’s The Hidden Connections download (pdf, 88 kb).
. . . wonderfully readable and easily the most inspiring critique I have seen of the legalised robbery which passes for economic productivity these days.
– Brian Jenkins, Citizen’s Voice, June 2004. Full review.
I find Davies’ arguments refreshing and convincing. They cannot be ignored. … if Davies is even half right, we, the people, must urgently modify the economic model which drives all of our financial institutions, nearly all of our current politicians and all of our public services.
– Bob Douglas, Emeritus Professor, Australian National University, and Chair of the Board of Australia21, reviewing in The Canberra Times 13 March, 2004. Download the full review (pdf, 620 kb).
Praise for The Nature of the Beast
In The Nature of the Beast Geoff Davies makes a valuable contribution to the public debate about the big issues facing humanity today. As that great Australian, Dr. Nugget Coombs, wrote after decades of esteemed public service:
“There is nothing divinely ordained about the economic system: it is the product of human ingenuity … and can therefore properly be questioned, criticised and, if a better alternative exists, rejected.”
Not many Australians have taken up this challenge. Geoff has. He raises important questions and criticisms of our present way of doing things, and offers pointers to a better economic system and a better human society. I admire that he sees the environment as having a central place in the design of a viable and sustainable alternative and that he displays an underlying faith in the capacity of people ultimately to think and act for the good of all.
– The Honourable Tom Uren, AO, former Australian Federal Labor Minister:
In The Nature of the Beast Geoff Davies is much more in command of the material, and his text is highly readable and clear even for people who are not well informed about economics. … he makes an excellent effort to explain what’s wrong with the present way we think about economics and how we could easily change that to our great advantage. Essential reading.
– John Stephen Veitch of Open Future, NZ: