Abstract
Edward Lorenz, a quiet assistant professor of meteorology at the Massachusetts Institute of Technology, once demonstrated that a seemingly innocuous change in one of twelve weather parameters, and of a magnitude well less than one part in a thousand, could change his model predictions dramatically. His observation, entitled “The Butterfly Effect” demonstrated that a butterfly flapping its wings in Brazil could cause a tornado in Texas.71
A great civilization is not conquered from without until it has first destroyed itself from within.
(William James “Will” Durant, historian, 1885–1981)
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© 2010 Colin Read
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Read, C. (2010). Herding Cats and Chaos Theory. In: The Rise and Fall of an Economic Empire. Palgrave Macmillan, London. https://doi.org/10.1057/9780230297074_19
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DOI: https://doi.org/10.1057/9780230297074_19
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32417-0
Online ISBN: 978-0-230-29707-4
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