Chaotic evolution defines the market economy - Lehman Brothers, McDonald's, Stocks

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ft.com - 11/4/2009

Chaotic evolution defines the market economy

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The fall of the Berlin Wall in November 1989 was the defining economic event of our lifetime. It marked the end of the largest controlled experiment in the history of social sciences – the division of Germany into two economic zones, one centralised and planned, the other a market economy. After ...

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FT Alphaville: Pink picks

Paul Kedrosky's Infectious Greed: Readings

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The market economy is a process of chaotic evolution, not a well-oiled machine. http://bit.ly/2oOE6w 11/5/2009

http://bit.ly/28XXIo Chaotic evolution defines the market economy By John Kay 11/5/2009

http://bit.ly/28XXIo Markets are just optimizers why not just try try conjugate gradients :-) 11/4/2009

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Pink picks
FT Alphaville — ... If we are to understand where we are, we must understand where we have been, writes FT columnist Martin Wolf . This is particularly true if we are to escape from the huge fiscal deficits being run by many governments. These deficits are not the result of government stupidity; they are mainly a consequence of - and response to - private behaviour. We must not ignore this connection. John Kay: Chaotic evolution defines the market economy Markets are not a well-oiled machine: they are a constantly changing, adaptive biological system, writes the FT’s John Kay . Pluralism is ...

Readings
Paul Kedrosky's Infectious Greed — Chaotic evolution defines the market economy (FT) Bloomberg.com may charge up to $1,000 a year for some web content (PaidContent) Spotlight on eastern European currencies and gold (Mish) ...