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York Festival of Ideas
The recent expansion of the financial sector has been fuelled by financial engineering and communications technology resulting in systemic instability and an increase in system complexity. Mark Buchanan gives a brief snapshot of research inspired by physics which identifies key areas where regulation could help avoid market instabilities and let finance play a productive role for the larger economy.
The event will be chaired by Rosemary Bennett, Social Affairs Correspondent, The Times.
Mark Buchanan, a physicist, is the author of the recently published book Forecast: What Physics, Meteorology and the Natural Sciences Can Teach Us About Economics (Bloomsbury Press, March 2013). A former editor of Nature and New Scientist, Buchanan writes about efforts to use physics concepts to understand phenomena in finance and economics, and especially to understand the natural instabilities that create crises. Buchanan's earlier works include The Social Atom and Ubiquity. He writes monthly columns for Bloomberg Views and Nature Physics, and also writes a popular blog, The Physics of Finance.
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