Picture an early scene from
The Wizard of Oz: Dorothy hurries home as a tornado gathers in what was once a clear Kansas sky. Hurriedly, she seeks shelter in the storm cellar under the house, but, finding it locked, takes cover in her bedroom. We all know how that works out for her.
Many investors these days are a bit like Dorothy, putting their faith in something as solid and trustworthy as a house (or, say, real estate). But market disruptions--storms--seem to arrive without warning, leaving us little time to react. Why are we so often blindsided by these things, left outdoors with nothing but our little dogs? More to the point: how did Kansas go from blue skies to tornadoes in such a short time?
In this deeply 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 the weather: a brief heat wave can become a massive storm in a matter of a few days, or even hours.
The Physics of Finance reimagines the basics of how economics, with consequences that affect everyone.
- 261 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
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Information
Subtopic
MacroeconomicsIndex
EconomicsTable of contents
- Cover
- Title Page
- Dedication
- Contents
- Preface
- 1. The Equilibrium Delusion
- 2. A Marvelous Machine
- 3. Notable Exceptions
- 4. Natural Rhythms
- 5. Models of Man
- 6. Ecologies of Belief
- 7. Perils of Efficiency
- 8. Trading at the Speed of Light
- 9. Twilight of the Idols
- 10. Forecast
- Acknowledgments
- Notes
- A Note on the Author
- By the Same Author
- eCopyright
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Yes, you can access Forecast by Mark Buchanan in PDF and/or ePUB format, as well as other popular books in Economics & Macroeconomics. We have over 1.5 million books available in our catalogue for you to explore.