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Forecast: What Physics, Meteorology, and the Natural Sciences Can Teach Us About Economics
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Bibliographic Detail
Publisher Bloomsbury Pub Plc USA
Publication date June 3, 2014
Pages 261
Binding Paperback
Edition Reprint
Book category Adult Non-Fiction
ISBN-13 9781608198535
ISBN-10 1608198537
Dimensions 0.75 by 5.50 by 8.50 in.
Weight 0.56 lbs.
Original list price $17.00
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Summaries and Reviews
Amazon.com description: Product Description:

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.



Editions
Hardcover
Book cover for 9781608198511
 
from Bloomsbury Pub Plc USA (March 26, 2013)
9781608198511 | details & prices | 261 pages | 7.00 × 10.00 × 1.00 in. | 1.16 lbs | List price $26.00
About: Picture an early scene from The Wizard of Oz: Dorothy hurries home as a tornado gathers in what was once a clear Kansas sky.
Paperback
Book cover for 9780570032175 Book cover for 9781608198535
 
The price comparison is for this edition
Reprint edition from Bloomsbury Pub Plc USA (June 3, 2014); titled "Forecast: What Physics, Meteorology, and the Natural Sciences Can Teach Us About Economics"
9781608198535 | details & prices | 261 pages | 5.50 × 8.50 × 0.75 in. | 0.56 lbs | List price $17.00
About: 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.
With Edmund Schlink | from Concordia Pub House (June 1, 1972); titled "The Doctrine of Baptism"
9780570032175 | details & prices | List price $12.95
This edition also contains The Doctrine of Baptism
About: This comprehensive presentation is a synthesis of the many studies of Baptism which appeared in the mid-20th century and resulted from ecumenical dialog and denominational questions surrounding the interpretation and practice of Baptism, especially infant Baptism.

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