Bio for Mark Buchanan
Europe’s Tax on Financial Trades Is a Risky Bet
May 05, 2013
|
No comments
Millions of Europeans are about to
become the subjects of a vast social experiment. What’s
troubling is how little anyone understands about where it might
lead.
Beware of Economists Peddling Elegant Models
Mathematics can be beguilingly elegant. It can also be dangerous when people mistake its elegance for truth.
Mathematics can be beguilingly elegant. It can also be dangerous when people mistake its elegance for truth.
Today’s Forecast: Sunny With a Chance of a Housing Bubble
March 19, 2013
|
No comments
At the time of World War I, many
meteorologists had all but given up on the idea of accurate and
scientific weather forecasting. Then a physicist and ambulance
driver by the name of Lewis Richardson, in spare moments between
terrifying bouts rescuing the injured, undertook a momentous
project.
Earthquakes and the Mind-Bending Laws of Markets
March 18, 2013
|
No comments
Like the devastating Japanese
earthquake of 2011, the stock market crash of Oct. 19, 1987,
came as a total shock to most people. Yet the crash wasn’t
entirely without warning. Five days before, the Dow Jones
Industrial Average dropped 95 points, which was then an all-time
record. Two days later, it closed down another 108 points. Just
like others crashes -- 1929, for example -- and all major
earthquakes, the 1987 crash was preceded by significant
rumblings.
The Insupportable Equilibrium of Economic Thought
March 17, 2013
|
No comments
Conjure an image in your mind: a
pencil resting on a small table, perhaps next to a notebook. In
what position did you imagine the pencil? Lying on its side,
right? Why not upright, with either the eraser or the graphite
tip touching the table and the rest pointing into the air?
%7Cutmccn%3D(direct)%7Cutmcmd%3D(none);&utmn=799289354&utmp=%2Fview%2Fbios%2Fmark-buchanan&utmhn=10.248.67.17&utmac=UA-11413116-12&utmhid=971166166)