Articles

Adam Smith is often thought of as the father of modern economics. In his book "An Inquiry into the Nature and Causes of the Wealth of Nations" Smith decribed the "invisible hand" mechanism by which he felt economic society operated. Modern game theory has much to add to Smith's description.
Arguably, the exponential function crops up more than any other when using mathematics to describe the physical world. In the second of two articles on physical phenomena which obey exponential laws, Ian Garbett discusses radioactive decay.
Last October, two mathematicians won £1m when it was revealed that they were the first to solve the Eternity jigsaw puzzle. It had taken them six months and a generous helping of mathematical analysis. Mark Wainwright meets the pair and finds out how they did it.
Arguably, the exponential function crops up more than any other when using mathematics to describe the physical world. In the first of two articles on physical phenomena which obey exponential laws, Ian Garbett discusses light attenuation - the way in which light decreases in intensity as it passes through a medium.
Sometimes a mathematical object can be so big that, however disorderly we make the object, areas of order are bound to emerge. Imre Leader looks at the colourful world of Ramsey Theory.
Actuarial science began as the place where two branches of mathematics meet: compound interest and observed mortality statistics. Financial planning for the future is therefore rooted firmly in the past. John Webb takes us through some of the mathematics involved, introducing us to some of the colourful characters who led the way.
Emmy Noether, pioneering female mathematician, died 80 years ago.
Those who understand compound interest are destined to collect it. Those who don't are doomed to pay it - or so says a well-known source of financial advice. But what is compound interest, and why is it so important? John H. Webb explains.