Moriarity was, of course, the arch enemy of Sherlock Holmes. In the mock battle of reason vs. entropy, there is a middle ground. For Mr. Peters, it is the premise of the Austrian school of economics that, when there is a gain to be had, people will organize to obtain it. In the world of so-called free markets, people are left to their own resources and, within limits, they produce temporally optimal solutions. One wishes there were more.
Markets are the arenas in which the unknown, risk, is converted to certainty, return.
Complexity, Risk, and Financial Markets asks probing questions of this process that can lead to better analysis and perhaps better returns on capital . Globe Interactive, a division of Bell Globemedia Publishing Inc. Protected by copyright. All rights reserved. Legal notices and terms of use relating to this site.