Epstein Secrets

nd GLV distributions will be found to give general and stable descriptions of many complex systems that have hitherto been seen as insoluble. What Dewar, Levy and Solomon's systems consist of are three critical elements; a source, a sink, and some sort of self-limiting behaviour. This model is poten

is simply a complicated and interesting sub-section of the MEP function of the earth as a whole. 202 EFTA00625330 Returning to the mathematics, Dewar [Dewar 2005] has produced a seminal paper that derives maximum entropy production from the first principles of information theory and simple maximum

model. This then becomes much more significant at the level of the whole stockmarket, especially in the light of the extensive work by Shiller and Smithers regarding the long-term valuation of stock markets. This work is very well summed up in 'Wall Street Revalued' [Smithers 2009]. The central thesis

appears not to have percolated into the general physics community despite appearing to have general applicability. The ideas of Paltridge, Lorenz, Dewar and others, along with the mathematical techniques of Levy & Solomon, may not be familiar to many physicists, and I believe may be very powerful in

nomists. These ideas include recent research in market microstructure, liquidity, post-Keynesian pricing theory as well as the work of Foley, Keen, Smithers, Shiller, Cooper, Pettis, Pepper & Oliver, Mehrling, Lyons and others. Neoclassical economics, while forming an intellectually beautiful framework,

ormation approach is more obvious mathematically, but like quantum mechanics, somehow seems to imply the necessary presence of an outside observer. Dewar's work, discussed in section 7.3 below may shed some light on this discussion. Both Atkins's and Ben-Naim's books are short and well written, and I

classical economics becomes a much more powerful theoretical method than neoclassicism. The economic historians such as Reinhart & Rogoff, Shiller, Smithers, Harrison, Napier and Bernholz have the advantage of the long sweep of history to prevent them from accepting high- faluting theory that disagrees w