The Nature of the Beast: how economists mistook wild horses for a rocking chair.
Mainstream free-market economics fundamentally mis-identifies the nature of market economies. Its record is of retarded growth followed by disaster. It counts costs as positives instead of negatives. It is blind to how the present banking system destabilises the economy. It is relentlessly materialistic and adversarial. It ignores most of what we know about real people and the real world.
The result is pseudo-scientific gobbledygook, and the unstable, inequitable, undemocratic, destructive and unsustainable mess known as the global economy.
The Nature of the Beast draws out the real nature of market economies using modern knowledge of systems, human behaviour, ecology, biology and physics. It points the way to stable, prosperous, democratic market economies that can support people, societies and the living world into the indefinite future.
Professor Steve Keen, Universityof Western Sydney, author of Debunking Economics .
… if we leave the development of economics only to economists, then the intellectual revolution that economics desperately needs will never occur. … If change is going to come, it will be from other professions, like physics, engineering and biology.
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.”
The Honourable Tom Uren, AO, former Australian Federal Labor Minister:
See more praise.
Download the e-book
A pdf (5.4 Mb) of The Nature of the Beast can be downloaded from the following link: TheNatureOfTheBeast_e1.2
An epub version (3.5 Mb) is here: TheNatureOfTheBeast_e1.2.epub (it’s a zip file: you’ll have to ‘unzip’ it, but that should be easy; double click on a Mac; right-click on Windows?) (WordPress does not allow ‘naked’ epub files to be uploaded.)
Any problems, queries or comments, contact me at
geoffd – at – netspeed dot com dot au .
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I am eager to see more. Please send me access to the complete manuscript.
I too come from outside the field of economics. An engineer and serial entrepreneur, I realized in 1996 that the upcoming crash was going to be far worse than a swing of the pendulum, began reading on economics.
Very disturbing to find the field delusional, as you say. Exceptions: Steve Keen, Ann Pettifor, Michael Hudson and others at U of M KC.
Will send more commentary on The Tao of Economics.
I would love to read more. You seem to have the ability to take complex argument and distill it into a form that can be understood by anyone taking the trouble to read your work.