Economics

Everything We’ve Learned About Modern Economic Theory Is Wrong

Ole Peters, a theoretical physicist in the U.K., claims to have the solution. All it would do is upend three centuries of economic thought.

Photographer: derejeb/iStockphoto
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The proposition is about as outlandish as it sounds: Everything we know about modern economics is wrong.

And the man who says he can prove it doesn’t have a degree in economics.