A compelling account of how crowd dynamics, or social avalanches, are central to cities and financial markets. Just as urban inhabitants are prone to being caught up in the city's flux, the same dynamic can cause traders on financial exchanges and even the algorithms of present-day financial markets to be captured by the maelstrom of the market.
Focusing on Niklas Luhmann's theory of social systems, this introduction outlines key concepts and analyzes modern society through his lens. It contrasts Luhmann's sociological approach with other contemporary theories, highlighting his significant contributions to current sociological thought. The book serves as a comprehensive guide for those seeking to understand Luhmann's impact on the field.