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# JP Bouchaud - marginal stability ⏎ ⏎ ## [May's Instability in Large Economies - José Moran, Jean-Philippe Bouchaud](https://arxiv.org/abs/1901.09629) ⏎ - how economies are pushed to marginal stability ⏎ system's size increases -> May's instability mark-ups increase - firms seeking profit connectivity increases substitutability ⏎ ## liquidity and marginal stability ⏎ Turbulence and liquidity cascade - Obizhaeva Marginal stability and liquidity cascade - Bouchaud Inelastic market hypothesis and liquidity cascade - Bouchaud - index inflow multiplier ⏎ ⏎ ⏎ ⏎ # Parents ⏎ * JP Bouchaud⏎
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