Mathematical Economics

Brought to you by Penguin. Explore how speed influences every aspect of life on Earth, from the slow grind of geological processes and the fleeting lifespans of organisms to the astonishing speed of light and the remarkable adaptations of creatures like the swift antelope and the soaring...

How do mathematical models shape our world - and how can we harness their power for good? Models are at the centre of everything we do. Whether we use them or are simply affected by them, they act as metaphors that help us better understand the increasingly complex problems facing us in the...

A data-driven, scientific account of our need for speed—exploring a wide range of topics including evolution, transportation, and technology In a world obsessed with efficiency, perhaps nothing is valued as highly as being fast. Some of our greatest achievements include building planes that...

William Stanley Jevons was an English economist and logician. In Brief Account of a General Mathematical Theory of Political Economy, which is essentially a condensed version of his most important piece of work, The Theory of Political Economy, first published in 1850, Javons discusses the marginal utility theory of value, pushing economic thought into the modern era. This piece is a must for both budding young mathematicians and aspiring economists with an interest in the recent history of their fields.

For the past few decades, the financial world has often displayed an unreasonable willingness to believe that "the model is right, the market is wrong," in spite of the fact that these theoretical machinations were largely responsible for the stock market crash of 1987, the LTCM crisis of 1998, the credit crisis of 2008, and many other blow-ups, large and small.