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The Unaccountability Machine: Why Big Systems Make Terrible Decisions - and How The World Lost its Mind

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'A corporation, or a government department isn't a conscious being, but it is an artificial intelligence. It has the capability to take decisions which are completely distinct from the intentions of any of the people who compose it. And under stressful conditions, it can go stark raving mad.'

When we avoid taking a decision, what happens to it? In The Unaccountability Machine, Dan Davies examines why markets, institutions and even governments systematically generate outcomes that everyone involved claims not to want. He casts new light on the writing of Stafford Beer, a legendary economist who argued in the 1950s that we should regard organisations as artificial intelligences, capable of taking decisions that are distinct from the intentions of their members.

Management cybernetics was Beer's science of applying self-regulation in organisational settings, but it was largely ignored - with the result being the political and economic crises that that we see today. With his signature blend of cynicism and journalistic rigour, Davies looks at what's gone wrong, and what might have been, had

the world listened to Stafford Beer when it had the chance.

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Praise for The Unaccountability Machine

  • Praise for Lying for Money: Dan Davies tells all these stories with verve and wit ... Much of the book is a romp through the crimes of scoundrels - Ponzi, Madoff, Keating, the Krays ... Yet what takes it from absorbing to excellent is the author's insight. Read Lying for Money and you will look at fraud in a whole new way. Actually, you will look at every market transaction you take part in in a whole new way - The TimesHighly entertaining, historically fascinating but also intellectually rigorous - TLSIf you want to learn to fend fraud, read this - Nassim Nicholas Taleb, author, The Incognito

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Dan Davies

Dan Davies

Dan Davies is a former Bank of England economist and investment bank analyst. As a journalist he has tackled the LIBOR and FX scandals, the collapse of Anglo Irish Bank and the Swiss Nazi gold scandal. He has written for the Financial Times and the New Yorker, and is the author of Lying For Money.

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