Laws of Chaos

In this unusual study, Farjoun and Machover attempt to do nothing less than rebuild two central concepts of political economy: price and profit. Using a probabilistic-statistical approach, they redefine both of these notions and then proceed to a discussion of relations between 'labour value',price and profit. Theories of probability and statistics are,
of course, well-established in all natural and population sciences,but with one or two notable exceptions, have been largely overlooked by political economists.

Classic work of political economics

A hundred years ago it became known that deterministic systems can exhibit very complex behavior. By proving that ordinary differential equations can exhibit strange behavior, Poincare undermined the founda­ tions of Newtonian physics and opened a window to the modern theory of nonlinear dynamics and chaos.

Professor Jim Al-Khalili shows how chaos theory can answer a question that mankind has asked for millennia - how does a universe that starts off as dust end up with intelligent life? It's a mindbending, counterintuitive and for many people a troubling idea. But Professor Al-Khalili reveals the science behind much of beauty and structure in the natural world and discovers that far from it being magic or an act of God, it is in fact an intrinsic part of the laws of physics.