This book not only explores the ways in which the economic crisis and associated austerity
policies have adversely impacted the physical and human infrastructure and conduct of
scientific research but also considers how science can help us to understand the crisis and
provide original solutions. Starting with a detailed but accessible analysis of the scientific
method and the nature of scientific prediction the book proceeds to address the failure to
forecast the economic crisis and the origins of the continuing inertia in economic policy and
theory. Attention is drawn in particular to the shortcomings of neoclassical economics in terms
of its description of the economic system as being mechanical in nature and characterized by
equilibrium. This perspective mirrors the limitations and outdated ideas of nineteenth century
physics which the book contrasts with the insights offered by modern physics. The impact of
neoliberal ideologies on scientific research is also discussed in detail highlighting their
stifling effect on innovation and diversification. In closing the book emphasizes the need for
state intervention to guide and support scientific research as the core engine of economic
development that will deliver a sustainable future.
