Forecast: what physics, meteorology, and the natural sciences can teach us about economics

Trama

Positive feedback - when A produces B, which in turn produces even more A - drives not only abrupt climate changes, but also 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 on to the unreasonable belief in the wisdom of the market.

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Altri libri di Mark Buchanan

• L'atomo sociale di Mark Buchanan (2008)
• Ubiquità. dal terremoto al crollo dei mercati, dai trend della moda alle crisi militari: la nuova legge universale del cambiamento di Mark Buchanan (2001)