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Forecast - Mark Buchanan

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Title
Forecast - what physics, meteorology and the natural sciences can teach us about economics
Author
Mark Buchanan
format
Hardback
Publisher
Bloomsbury
Language
English
UK Publication Date
20130411

Description

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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