EAN: 9783319069258

BOOK OF EXTREMES - TED G LEWIS KARTONIERT (TB)

What makes the 21st century different from the 20th century? This century is the century of
extremes -- political  economic  social  and global black-swan events happening with increasing
frequency and severity. Book of Extremes is a tour of the current reality as seen through the
lens of complexity theory - the only theory capable of explaining why the Arab Spring happened
and why it will happen again  why social networks in the virtual world behave like flashmobs in
the physical world  why financial bubbles blow up in our faces and will grow and burst again 
why the rich get richer and will continue to get richer regardless of governmental policies 
why the future of economic wealth and national power lies in comparative advantage and global
trade  why natural disasters will continue to get bigger and happen more frequently  and why
the Internet - invented by the US -- is headed for a global monopoly controlled by a non-US
corporation. It is also about the extreme innovations and heroic innovators yet to be
discovered and recognized over the next 100 years.Complexity theory combines the predictable
with the unpredictable. It assumes a nonlinear world of long-tailed distributions instead of
the classical linear world of normal distributions. In the complex 21st century  almost nothing
is linear or normal. Instead  the world is highly connected  conditional  nonlinear  fractal 
and punctuated. Life in the 21st century is a long-tailed random walk - Levy walks -- through
extreme events of unprecedented impact. It is an exciting time to be alive.

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