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In this thoroughly researched and piercingly intelligent book, physicist Mark Buchanan shows how a simple feedback loop can lead to major consequences, the kind predictable by mathematical models but hard for most people to anticipate. From his unique perspective, Buchanan argues that our basic assumptions about economic markets - that they are for the most part stable, with occasional interruptions - are simply wrong. Markets really act more like weather: a brief heat wave can become a massive storm in a matter of a few days, or even hours. Forecast re-imagines the basics of the financial world, with consequences that affect everyone.
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Forecast A groundbreaking book that uses physics to show how instability is inherent in economic markets, just as thunderstorms are a part of the weather Full descriptionReview:
A lucid, absorbing story (New Scientist)
If Mark Buchanan is right, economics might become a real science. A new generation could morph it into a branch of physics by applying rice piles, power laws, positive feedback, phase changes, chaos and complexity theory. Who knows, they might even work out how to avert catastrophes (New Scientist)
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Book Description Bloomsbury Publishing, 2013. Hardcover. Condition: New. Next day dispatch. International delivery available. 1000's of satisfied customers! Please contact us with any enquiries. Seller Inventory # mon0000210069
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Book Description Bloomsbury Publishing PLC, 2013. Condition: New. book. Seller Inventory # M1408827379
Book Description Bloomsbury Publishing PLC. HC. Condition: New. Examines how a more authentic use of some ideas and concepts coming from physics can be very helpful in putting our understanding of economic and financial systems on a more natural basis. They can certainly help the dangerous view that markets are someho. Seller Inventory # LApr8-9 EC003B
Book Description Bloomsbury Publishing PLC, 2013. Condition: New. Seller Inventory # LApr8-9 LApr8
Book Description Bloomsbury Publishing, 2013. Hardback. Condition: New. Seller Inventory # Blooms-9781408827376