Richard Bookstaber

(1950) Economist

10 quotes in 16 categories

Richard Bookstaber is an economist.

Quick Facts About Richard Bookstaber

Born: January 1, 1950
Profession: Economist

About Richard Bookstaber

[Wikidata] author... | [Wikipedia] Richard Bookstaber is an American financial writer who is the author of A Demon Of Our Own Design, a book highlighting the fragility of the financial system that occurs from tight coupling and complexity. The book is noted for its foreshadowing of the 2008 financial crisis. He is also the author of

Quotes by Richard Bookstaber

“Alan Turing’s halting problem: you can’t know if the cells will all die off without running the game until they do die…

Richard Bookstaber

Von neumann

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“One of the most important axioms is that as the quantity of any commodity, for instance plain food, which a man has…

Richard Bookstaber

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“Baron Rothschild quipped that there are “three principal ways to lose your money: wine, women, and engineers. While the first two are…

Richard Bookstaber

Money

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“The three-body problem illustrates how easy it is to run into computational irreducibility. It is a problem that borders on the trivial,…

Richard Bookstaber

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“on March 28, 2007, Ben Bernanke, the chairman of the Federal Reserve, stated to the Joint Economic Committee of Congress that “the…

Richard Bookstaber

Bottom line

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“Mathematics works only with computationally reducible systems. Axioms and deductive logic are intended to provide shortcuts, to give general results that can…

Richard Bookstaber

Mathematics