The theme of the book is that the world financial system is vulnerable to singularities — disasters arising out of apparently trivial details , as implied by chaos theory and its Butterfly effect . He discusses the critical and often underappreciated role of liquidity in the markets and presents a theory of ' normal accidents ' arising from the combination of tight coupling and complexity . Bookstaber reviews accidents such as Three Mile Island , ValueJet , and Columbia as examples of ' normal accidents ' that have corollaries in the financial markets
ValueJet
ValuJet Flight 592
A Demon of Our Own Design