Forecast by Mark Buchanan

Forecast by Mark Buchanan

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.

A lucid, absorbing story * New Scientist *
If Mark Buchanan is right, economics might become a real scienceA 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 *

Physicist Mark Buchanan is a former editor at Nature and New Scientist, and is the author of numerous magazine and newspaper articles internationally. He currently writes monthly columns for the financial media outlet Bloomberg View, as well as for Nature Physics. He has written two prize-nominated non-fiction books, Ubiquity: The Science of History and Nexus: Small Worlds and the Groundbreaking Science of Networks, and, most recently, The Social Atom. He lives in Dorset, England. http://physicsoffinance.blogspot.co.uk/

SKU	Unavailable
ISBN 13	9781408827376
ISBN 10	1408827379
Title	Forecast
Author	Mark Buchanan
Condition	Unavailable
Binding Type	Hardback
Publisher	Bloomsbury Publishing PLC
Year published	2013-04-11
Number of pages	272
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable