Paul asks…What ever happened to 'Catastrophe Theory'?It was published in the 70's, as i recall, and proposed a model, based on applying differential limits to probability, and predicting the sorts of un-parabolic curves that we recently saw operate in the global economic markets as well offering substantial support for observed data in fields as diverse as social psychology.
I remember that 'Chaos Theory' came along a few years later and seemed to eclipse the other in the public eye, with
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