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Forecast : What Physics, Meteorology, and the Natural Sciences Can Teach Us...
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Condition:
Good
A book that has been read, but is in good condition. Minimal damage to the book cover eg. scuff marks, but no holes or tears. If this is a hard cover, the dust jacket may be missing. Binding has minimal wear. The majority of pages are undamaged with some creasing or tearing, and pencil underlining of text, but this is minimal. No highlighting of text, no writing in the margins, and no missing pages. See the seller’s listing for full details and description of any imperfections.
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Item specifics
- Condition
- Subject
- Science & Technology
- Topic
- Physics
- ISBN
- 9781608198535
About this product
Product Identifiers
Publisher
Bloomsbury Publishing USA
ISBN-10
1608198537
ISBN-13
9781608198535
eBay Product ID (ePID)
166455985
Product Key Features
Book Title
Forecast : What Physics, Meteorology, and The Natural Sciences Can Teach Us about Economics
Number of Pages
272 Pages
Language
English
Topic
Economics / Macroeconomics, Economic Conditions, Economics / General, Public Policy / Economic Policy, Forecasting
Publication Year
2014
Illustrator
Yes
Genre
Political Science, Business & Economics
Format
Trade Paperback
Dimensions
Item Height
0.6 in
Item Weight
11.2 Oz
Item Length
8.5 in
Item Width
5.5 in
Additional Product Features
Intended Audience
Trade
Dewey Edition
23
Reviews
The author's stimulating deconstruction of contemporary economic theory parallels a treatment of major positive developments in physical sciences and pays due respect to the functions of government and law., The 2008 crash created not just a crisis in the economy, but also a crisis in economic thinking. Ideas of market stability and efficiency lost their value faster than a sub-prime mortgage. In this compelling and lively account, Mark Buchanan tells the story of the new ideas that are revolutionizing the field. We may not be able to perfectly forecast the economic weather, but we can be better prepared for storms to come.
Dewey Decimal
330.01
Synopsis
A groundbreaking book that uses physics to show how instability is inherent in economic markets, just as thunderstorms are a part of weather., 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'..In Forecast , physicist and acclaimed science writer Mark Buchanan answers these questions and more in building a new model for economics, one that accepts that markets act much like the weather does. While centuries of classical financial thought has trained us to understand the market as something that always returns to equilibrium, economies work more like our atmosphere-a loose surface balance riding on a deeper torrent of fluctuation. Market instability is as natural-and dangerous-as a prairie twister. With Buchanan's help, we can better govern the markets and weather their storms., 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? In Forecast, physicist and acclaimed science writer Mark Buchanan answers these questions and more in building a new model for economics, one that accepts that markets act much like the weather does. While centuries of classical financial thought has trained us to understand "the market" as something that always returns to equilibrium, economies work more like our atmosphere-a loose surface balance riding on a deeper torrent of fluctuation. Market instability is as natural-and dangerous-as a prairie twister. With Buchanan's help, we can better govern the markets and weather their storms.
LC Classification Number
HB1
Item description from the seller
About this seller
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- e***e (848)- Feedback left by buyer.Past 6 monthsVerified purchaseThe book arrived as described, packed with care, and fast post. Grand Seller!
- r***a (264)- Feedback left by buyer.More than a year agoVerified purchaseBook was exactly as described and shipped out fast. I was so pleased the book was carefully packaged with plenty of protection. Seller also used pictures of the actual book, not a lazy stock photo. This is a professional seller who deserves your business!Cultural Atlas Ser.: Atlas of the Islamic World since 1500 by Francis... (#353421978965)
- m***4 (416)- Feedback left by buyer.More than a year agoVerified purchasePaid Dec 2, didn't ship out until Dec 7th without any communication as to why 5 days, but gave all 5 stars anyway because price and condition of book is great. And December is REALLY busy. Thanks!The King's Grave : The Discovery of Richard III's - Lost Burial Place and the... (#353098301920)
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