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7.5 billion and counting: How many humans can the Earth support?
7.5 billion and counting: How many humans can the Earth support? Humans are the most populous large mammal on Earth today, and probably in all of geological history. This World Population Day, humans number in the vicinity of 7.5 to 7.6 billion individuals. Can the Earth support this many people indefinitely? What will happen if we […]
Why do we need to think and act more systemically?
Why do we need to think and act more systemically? The power and majesty of nature in all its aspects is lost on one who contemplates it merely in the detail of its parts and not as a whole. — Pliny the Elder An increasing number of people are beginning to understand that the world we participate […]
Can We Ascertain the Facts of Reality in Economics by Means of Mathematics?
CAN WE ASCERTAIN THE FACTS OF REALITY IN ECONOMICS BY MEANS OF MATHEMATICS? It is generally held that by means of statistical and mathematical methods one can organize historical data into a useful body of information, which in turn can serve as the basis for the assessments of the state of the economy. It is […]
St. Louis Fed Promotes the Mathematically Impossible
St. Louis Fed Promotes the Mathematically Impossible It’s bad enough when economic writers are clueless about how markets work. It’s worse when Fed economists are clueless. Check out this Tweet by @StLoiusFed. View image on Twitter St. Louis Fed ✔@stlouisfed Negative interest rates may seem ludicrous, but not if they succeed in pushing people to […]
Is Capitalism Dead or Merely Dying?
Is Capitalism Dead or Merely Dying? Alfred Wertheimer Elvis 1956 New Zealand’s new prime minister Jacinda Ardern calls capitalism a blatant failure. Former Greek finance minister Yanis Varoufakis says capitalism is ‘merely’ coming to an end because it is making itself obsolete. Mathematics professor Bruce Boghosian claims that without redistribution of wealth, our market economy […]
Can Mathematicians Forecast Markets?
Can Mathematicians Forecast Markets? QUESTION: Greetings Mr Armstrong and thank you for your excellent blog! I have recently started reading Benoit Mandelbrot’s The Misbehaviour of Markets in which he states that stock prices probably isn’t predictable in any useful sense of the term (p. 6). I recall that you have stated that stock prices can be […]
What’s the last dollar they can print before financial crisis?
What’s the last dollar they can print before financial crisis? In the field of mathematics, chaos theory studies the behavior of systems that are highly sensitive to initial conditions. The idea in chaos is that, like life itself, where you start today has tremendous influence on what happens next. In chaos, even very tiny changes […]
Bill McKibben: The Planet’s Future Depends On Distributed Systems
Bill McKibben: The Planet’s Future Depends On Distributed Systems One of the best ways to address climate change To environmental activist Bill McKibben, it’s all about math. The planet has warmed 1 degree Celsius over the past few decades and is on track to rise another 4 to 5 before the end of the century. […]
It’s time to ‘Do the math’ again
It’s time to ‘Do the math’ again Have we gone mad? A new reportreleased today explains why contemporary climate change policy-making should be characterised as increasingly delusional. As the deadline approaches for submissions to the Australian government’s climate targets process, there is a flurry of submissions and reports from advocacy groups and theClimate Change Authority. Most of […]
