Physicists on Wall Street and Other Essays on Science and Society

Physicists on Wall Street and Other Essays on Science and Society

Author: Jeremy Bernstein

Publisher: Springer Science & Business Media

Published: 2008-11-02

Total Pages: 181

ISBN-13: 0387765069

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Over the years, Jeremy Bernstein has been in contact with many of the world’s most renowned physicists and other scientists, many of whom were involved in politics, literature, and language. In this diverse collection of essays, he reflects on their work, their personal relationships, their motives, and their contributions. Even for those people he writes about that he did not know personally, he provides important insights into their lives and work, and questions their character, their decisions, and the lives they led. In the first three essays, Professor Bernstein looks at economic theory and how some physicists who developed interesting economic models based on derivatives and hedge funds almost led to the country into bankruptcy. In later essays, he discusses a suspect visit to Poland by the great Heisenberg during the Nazi era, a visit that there is almost nothing written about. Included also are essays on ancient languages and a nuclear weapons program in South Africa that was supposedly dismantled. In one particularly humorous essay, he describes how an ill-conceived manned spaceship to be powered by an atomic bomb was being developed by some of the country’s most powerful intellects. The project never got off the ground. Dipping into these pages is like rummaging around in the mind of a genius who has a potpourri of interests and an abundance of fascinating experiences. Bernstein has not only rubbed elbows with some of the finest minds in world, he has worked and played with them. He has sometimes mourned with them and laughed at them. His sharp wit and even sharper analysis make for a fascinating read.


The Physics of Wall Street

The Physics of Wall Street

Author: James Owen Weatherall

Publisher: Houghton Mifflin Harcourt

Published: 2013

Total Pages: 309

ISBN-13: 0547317271

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A young scholar tells the story of the physicists and mathematicians who created the models that have become the basis of modern finance and argues that these models are the "solution" to--not the source of--our current economic woes.


How the Hippies Saved Physics: Science, Counterculture, and the Quantum Revival

How the Hippies Saved Physics: Science, Counterculture, and the Quantum Revival

Author: David Kaiser

Publisher: W. W. Norton & Company

Published: 2011-06-27

Total Pages: 549

ISBN-13: 039308230X

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"How the Hippies Saved Physics gives us an unconventional view of some unconventional people engaged early in the fundamentals of quantum theory. Great fun to read." —Anton Zeilinger, Nobel laureate in physics The surprising story of eccentric young scientists—among them Nobel laureates John Clauser and Alain Aspect—who stood up to convention and changed the face of modern physics. Today, quantum information theory is among the most exciting scientific frontiers, attracting billions of dollars in funding and thousands of talented researchers. But as MIT physicist and historian David Kaiser reveals, this cutting-edge field has a surprisingly psychedelic past. How the Hippies Saved Physics introduces us to a band of freewheeling physicists who defied the imperative to “shut up and calculate” and helped to rejuvenate modern physics. For physicists, the 1970s were a time of stagnation. Jobs became scarce, and conformity was encouraged, sometimes stifling exploration of the mysteries of the physical world. Dissatisfied, underemployed, and eternally curious, an eccentric group of physicists in Berkeley, California, banded together to throw off the constraints of the physics mainstream and explore the wilder side of science. Dubbing themselves the “Fundamental Fysiks Group,” they pursued an audacious, speculative approach to physics. They studied quantum entanglement and Bell’s Theorem through the lens of Eastern mysticism and psychic mind-reading, discussing the latest research while lounging in hot tubs. Some even dabbled with LSD to enhance their creativity. Unlikely as it may seem, these iconoclasts spun modern physics in a new direction, forcing mainstream physicists to pay attention to the strange but exciting underpinnings of quantum theory. A lively, entertaining story that illuminates the relationship between creativity and scientific progress, How the Hippies Saved Physics takes us to a time when only the unlikeliest heroes could break the science world out of its rut.


Quantum Legacies

Quantum Legacies

Author: David Kaiser

Publisher: University of Chicago Press

Published: 2020-03-25

Total Pages: 357

ISBN-13: 022669805X

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The ideas at the root of quantum theory remain stubbornly, famously bizarre: a solid world reduced to puffs of probability; particles that tunnel through walls; cats suspended in zombielike states, neither alive nor dead; and twinned particles that share entangled fates. For more than a century, physicists have grappled with these conceptual uncertainties while enmeshed in the larger uncertainties of the social and political worlds around them, a time pocked by the rise of fascism, cataclysmic world wars, and a new nuclear age. In Quantum Legacies, David Kaiser introduces readers to iconic episodes in physicists’ still-unfolding quest to understand space, time, and matter at their most fundamental. In a series of vibrant essays, Kaiser takes us inside moments of discovery and debate among the great minds of the era—Albert Einstein, Erwin Schrödinger, Stephen Hawking, and many more who have indelibly shaped our understanding of nature—as they have tried to make sense of a messy world. Ranging across space and time, the episodes span the heady 1920s, the dark days of the 1930s, the turbulence of the Cold War, and the peculiar political realities that followed. In those eras as in our own, researchers’ ambition has often been to transcend the vagaries of here and now, to contribute lasting insights into how the world works that might reach beyond a given researcher’s limited view. In Quantum Legacies, Kaiser unveils the difficult and unsteady work required to forge some shared understanding between individuals and across generations, and in doing so, he illuminates the deep ties between scientific exploration and the human condition.


The American Political Economy

The American Political Economy

Author: Jacob S. Hacker

Publisher: Cambridge University Press

Published: 2021-11-11

Total Pages: 487

ISBN-13: 1009034200

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This volume brings together leading political scientists to explore the distinctive features of the American political economy. The introductory chapter provides a comparatively informed framework for analyzing the interplay of markets and politics in the United States, focusing on three key factors: uniquely fragmented and decentralized political institutions; an interest group landscape characterized by weak labor organizations and powerful, parochial business groups; and an entrenched legacy of ethno-racial divisions embedded in both government and markets. Subsequent chapters look at the fundamental dynamics that result, including the place of the courts in multi-venue politics, the political economy of labor, sectional conflict within and across cities and regions, the consolidation of financial markets and corporate monopoly and monopsony power, and the ongoing rise of the knowledge economy. Together, the chapters provide a revealing new map of the politics of democratic capitalism in the United States.


The Perfect Bet

The Perfect Bet

Author: Adam Kucharski

Publisher: Basic Books

Published: 2016-02-23

Total Pages: 288

ISBN-13: 0465098592

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"An elegant and amusing account" of how gambling has been reshaped by the application of science and revealed the truth behind a lucky bet (Wall Street Journal). For the past 500 years, gamblers-led by mathematicians and scientists-have been trying to figure out how to pull the rug out from under Lady Luck. In The Perfect Bet, mathematician and award-winning writer Adam Kucharski tells the astonishing story of how the experts have succeeded, revolutionizing mathematics and science in the process. The house can seem unbeatable. Kucharski shows us just why it isn't. Even better, he demonstrates how the search for the perfect bet has been crucial for the scientific pursuit of a better world.


Physics in the Twentieth Century: Selected Essays

Physics in the Twentieth Century: Selected Essays

Author: Victor Frederick Weisskopf

Publisher: Mit Press

Published: 1972

Total Pages: 368

ISBN-13: 9780262730303

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This selection of essays covers a wide range of subjects connected with the physical sciences and their relation to human affairs. They are broadly conceived and directed to a generally interested audience rather than to specialists in particular areas. Some are written for the initiated, some are broad synopses of a branch of physics and are directed to the scientifically interested layman. Some deal with more philosophic questions such as Niels Bohr's ideas on complementarity, and others deal with the problems of science, ethics, and society. Hans Bethe writes as follows in the Foreword: "His summary articles on special topics are lucid and are 'popular scientific writing' at its best. The subject is made clear to physicists in other branches of physics and to the educated public by simplifying it, but without ever making a compromise with fundamental accuracy, as many popular writers on science do when they get enamored with their own imagery and forget the subject that they really want to explain. Viki's [Weisskopf's] main concern, as of most theoretical physicists, is the correct interpretation of the quantum theory.... This theme is already prominent in 1951 in his article 'Quantity and Quality in Quantum Physics.' Here he makes clear how a quantitative difference, such as the number of electrons of 6 in a carbon and 11 in a sodium atom, makes all the difference in the qualitative behavior of these two chemical elements. He also foresees, at this early time, some of the developments in biology related to DNA. "The summary article about electron theory (1949) is written essentially for physicists. He summarizes the great advances brought about by the renormalization theory which gives finite results for all observable quantities and is fundamental to modern field theory. His own field of nuclear physics is summarized in 'Problems of Nuclear Structure' (1961), in a simpler form in 'Nuclear Models' (1951). Weisskopf is always excited by important developments in physics even if he himself has not contributed. A major one of these [was described in] the 'Fall of Parity.' This article is a beautiful example of his ability to make things understandable without changing the essentials. In the 'Visual Appearance of Rapidly Moving Objects' he explains the discovery of Penrose that a rapidly moving object looks to us as it if had its natural shape and is not distorted by the Lorentz contraction as had previously been believed; in fact, without relativity theory it would look badly distorted. His 'How Light Interacts with Matter' is rich in new insights. "The theme is further developed in 'Physics in the Twentieth Century' and 'The Quantum Ladder.'... I don't know of any other place where the essential solidity of our world as governed by quantum theory is better explained, or the great richness of the phenomena caused by quantitative differences is shown with greater love." In addition to those mentioned above, the book includes a number of other essays. These concern physical theory (articles on the compound nucleus and on elementary particles), the human aspects of scientific research (articles on Niels Bohr and on Marie Curie), and biological theory (considerations of symmetry and function at the macromolecular level and of the quantum basis of organic reproduction). A final group of essays is concerned with such issues as the intrinsic value of science, the contributions of science to society, and scientific ethics. The latter is described by Bethe as "A most beautiful and concise statement of the scientist's creed."


Putting Ourselves Back in the Equation

Putting Ourselves Back in the Equation

Author: George Musser

Publisher: Farrar, Straus and Giroux

Published: 2023-11-07

Total Pages: 214

ISBN-13: 0374721793

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“This is a delightful account of one of the deepest and most fascinating explorations going on today at the frontier of our knowledge.” —Carlo Rovelli, bestselling author of The Order of Time and Seven Brief Lessons on Physics “Musser knows that the point of popular science is [. . .] to get a sense of what’s at stake, what kinds of answers are being offered to difficult questions, and why it all matters. One could not ask more of Putting Ourselves Back in the Equation—on all three counts it delivers.” —Julian Baggini, The Wall Street Journal A revelatory exploration of how a “theory of everything” depends upon our understanding of the human mind. The whole goal of physics is to explain what we observe. For centuries, physicists believed that observations yielded faithful representations of what is out there. But when they began to study the subatomic realm, they found that observation often interferes with what is being observed—that the act of seeing changes what we see. The same is true of cosmology: our view of the universe is inevitably distorted by observation bias. And so whether they’re studying subatomic particles or galaxies, physicists must first explain consciousness—and for that they must turn to neuroscientists and philosophers of mind. Neuroscientists have painstakingly built up an understanding of the structure of the brain. Could this help physicists understand the levels of self-organization they observe in other systems? These same physicists, meanwhile, are trying to explain how particles organize themselves into the objects around us. Could their discoveries help explain how neurons produce our conscious experience? Exploring these questions and more, George Musser tackles the extraordinary interconnections between quantum mechanics, cosmology, human consciousness, and artificial intelligence. Combining vivid descriptive writing with portraits of scientists working on the cutting edge, Putting Ourselves Back in the Equation shows how theories of everything depend on theories of mind—and how they might be one and the same.


My Life as a Quant

My Life as a Quant

Author: Emanuel Derman

Publisher: John Wiley & Sons

Published: 2012-06-12

Total Pages: 311

ISBN-13: 1118428889

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In My Life as a Quant, Emanuel Derman relives his exciting journey as one of the first high-energy particle physicists to migrate to Wall Street. Page by page, Derman details his adventures in this field—analyzing the incompatible personas of traders and quants, and discussing the dissimilar nature of knowledge in physics and finance. Throughout this tale, he also reflects on the appropriate way to apply the refined methods of physics to the hurly-burly world of markets.