Organic business growth is governed by its own natural laws—underlying truths that set the stage for growth and innovation, much in the way that Einstein's law of relativity accounts for the movement
At the intersection between statistical physics and rigorous econometric analysis, this powerful new framework sheds light on how innovation and competition shape the growth and decline of companies and industries. Analyzing various sources of data including a unique micro level database which collects historic data on the sales of more than 3,000 firms and 50,000 products in 20 countries, the authors introduce and test a model of innovation and proportional growth, which relies on minimal assumptions and accounts for the empirically observed regularities. Through a combination of extensive stochastic simulations and statistical tests, the authors investigate to what extent their simple assumptions are falsified by empirically observable facts. Physicists looking for application of their mathematical and modelling skills to relevant economic problems as well as economists interested in the explorative analysis of extensive data sets and in a physics-orientated way of thinking will find
Dr Lloyd writes for those who want to discover and explore Aristotle's work for themselves. He acts as mediator between Aristotle and the modern reader. The book is divided into two parts. The first tells the story of Aristotle's intellectual development as far as it can be reconstructed; the second presents the fundamentals of his thought in the main fields of inquiry which interested him: logic and metaphysics, physics, psychology, ethics, politics, and literary criticism. The final chapter considers the unity and coherence of Aristotle's philosophy, and records briefly his later influence on European thought. This is a concise and lucid account of the work of a difficult and profound thinker. Dr Lloyd's business is only with the essentials; but he does not shirk the difficulties which arise in their interpretation, nor does he invest Aristotle with a spurious modernity.
