Global Economy: How Modern Economics Is Built On 'The World's Dumbest Idea' - BY Steve Denning

The idea that the entire intellectual edifice of modern economics no longer fits the world we live in has yet to enter the academic mainstream or to be accepted by the economic establishment. Those who do question the fundamental assumptions tend to be marginalized, so that the status quo can be maintained.

This obviously has to change. The profession needs to get beyond further refinements of an increasingly irrelevant paradigm and instead reinvent the economics that we need for the new age.

For the complete report go to: : How Modern Economics Is Built On 'The World's Dumbest Idea' - Forbes