Name: Forecast: What Physics, Meteorology, and the Natural Sciences can Teach us About Economics
Price: 897.00 TWD
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Author: Buchanan, Mark
ISBN: 9781608198535

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Forecast: What Physics, Meteorology, and the Natural Sciences can Teach us About Economics

Type

Physical Book

Author

Mark Buchanan

Publisher

Bloomsbury Publishing

Year

2014

Language

English

Pages

272

Format

Paperback

Dimensions

21.1 x 13.7 x 1.5 cm

Weight

0.34 kg.

ISBN13

9781608198535

Synopsis "Forecast: What Physics, Meteorology, and the Natural Sciences can Teach us About Economics "

Positive feedback--when A produces B, which in turn produces even more A--drives not only abrupt climate changes, but also the most important and disruptive events in economics and finance, from asset bubbles to debt crises, bank runs, even corporate corruption. But economists, with few exceptions, have ignored this reality for fifty years, holding onto the unreasonable belief in the wisdom of the market. It's past time to be asking how do markets really work? Can we replace economic magical thinking with a better means of predicting what the financial future holds, in order to prepare for, or even avoid the next extreme economic event?

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Forecast: What Physics, Meteorology, and the Natural Sciences can Teach us About Economics - Buchanan, Mark

Synopsis "Forecast: What Physics, Meteorology, and the Natural Sciences can Teach us About Economics "

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