December 2014
Beginner
352 pages
14h 24m
English
Content preview from The Economics Book
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IN CONTEXT
FOCUS
The macroeconomy
KEY THINKERS
René Thom (1923–2002)
Jean-Michel Grandmont (1939–)
Alan Kirman (1939–)
BEFORE
1887 French mathematician Henri Poincaré’s analysis of the interaction between three bodies orbiting each other lays the foundation for chaos theory.
1950s French mathematician Benoît Mandelbrot finds recurring patterns in the variation of cotton prices.
1960 US mathematician and meteorologist Edward Lorenz discovers the butterfly effect in meteorology.
AFTER
1980s Northern Irish economist Brian Arthur develops complexity theory.
No system yet discovered guarantees a good return in the stock market. One might have hoped that economics, ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.