If science can predict weather patterns several days in advance why
is it that we cannot do the same with stock markets? Many who have
not thought to dwell upon the topic much have come to accept the
proposition that economics differs from physics and other natural
sciences because those sciences are deterministic but economics is
not. Yet such persons would not spend another moment pondering how
it is that weather forecasting can be such an uncertain affair when
it is the presumably deterministic laws of physics that serve as
the basis for all weather forecasting. Finance Rheology brings the
business of weather forecasting to economics and finance. There is
a growing perception among knowledgeable persons that the
underlying principles of economics and finance are not of a
different nature than those of other sciences but that all are of
the same type. Whether it be physics, or economics, the principles
underlying all science are governed by stochastic, not
deterministic, laws. Upon accepting this realization one has taken
the first, and most, important step toward raising the veil of
ignorance in economics and recognizing its true character as
science not art.
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