Forecast: What Physics, Meteorology, and the Natural Sciences Can Teach Us about Economics by Buchanan, Mark

Forecast: What Physics, Meteorology, and the Natural Sciences Can Teach Us about Economics

Picture an early scene from The Wizard of Oz: Dorothy hurries home as a tornado gathers in...
¥7,306 JPY
¥7,306 JPY
SKU: 9781608198511
Product Type: Books
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Author: Mark Buchanan
Format: Hardcover
Language: English
Subtotal: ¥7,306
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Forecast: What Physics, Meteorology, and the Natural Sciences Can Teach Us about Economics by Buchanan, Mark

Forecast: What Physics, Meteorology, and the Natural Sciences Can Teach Us about Economics

¥7,306

Forecast: What Physics, Meteorology, and the Natural Sciences Can Teach Us about Economics

¥7,306
Author: Mark Buchanan
Format: Hardcover
Language: English

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.

Author: Mark Buchanan
Publisher: Bloomsbury USA
Published: 03/26/2013
Pages: 272
Binding Type: Hardcover
Weight: 1.14lbs
Size: 9.53h x 6.42w x 0.91d
ISBN: 9781608198511


Review Citation(s):
Publishers Weekly 12/03/2012 pg. 62
Kirkus Reviews 01/01/2013
Booklist 02/15/2013 pg. 12

About the Author
Mark Buchanan is a physicist and science writer. He is the author of three previous books, Ubiquity, Nexus, and The Social Atom, and has been an editor of the science journal Nature as well as New Scientist. His articles have appeared in Science, Wired, the New York Times, the Independent, and the Harvard Business Review. He currently writes monthly columns for the financial media outlet Bloomberg View, as well as for Nature Physics. He lives in Dorset, England, with his wife and two dogs.

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