If the aim of economics is really to provide the greatest happiness to the most people, than it is rather shocking to discover that economic growth h… - David Orrell

It has become increasingly evident, at least among those who aren't currency traders or true believers in the optimality of free markets, that it would be nice if this system could calm down a touch. One option is the Tobin tax, which would impose a tax of around 0.1 percent on currency trades, and act as a kind of damper on speculation.

Money, having freed itself from the physical universe, has become number itself, and finance a strange form of mathematical alchemy.

The strength of capitalism does not lie in the neoclassical idea of stability, but in its ability to unleash this creative energy. like a chaotic mathematical system, it is capable of producing surprise.