Forecast Tpb Export Airside - Softcover

Buchanan Mark

Softcover

ISBN 10: 1408841258 ISBN 13: 9781408841259

Publisher: Bloomsbury Publishing PLC, 2013

Synopsis

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.

About this title

Review:

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)

Book Description:

A groundbreaking book that uses physics to show how instability is inherent in economic markets, just as thunderstorms are a part of the weather

About this edition

• Publisher: Bloomsbury Publishing PLC
• Publication date: 2013
• ISBN 10: 1408841258
• ISBN 13: 9781408841259
• Binding: Paperback