Vilfredo Pareto and the Occupy movement
The fables inherent in contemporary economics are various
Financial disasters follow a power-law, writes David Orrell. And power-law distributions are neither completely ordered, nor completely chaotic, but are on the boundary between the two
It might seem that fisheries management and financial regulation have little in common. Bankers have been accused of many things recently, but only rarely of being slippery underwater creatures with gills
…said the neoclassical economist Alfred Marshall in the preface to his Principles of Economics. The mathematician and author David Orrell considers the relationship between science and economics
Can the infinite complexity of the financial markets be described by the simple rules of mathematicians?
Exploring the pitfalls of relating happiness and economic metrics