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Showing posts from October, 2010

Fractal Dimension, (Economic's) Elasticity and Complexity

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Update May 2017 This is by far my best idea; I have written it up in a working paper at  my academia.edu  and  vixra , and named it:   Quantum Mechanics, Information and Knowledge, all Aspects of Fractal Geometry and Revealed in an Understanding of Marginal Economics. I shall post the Abstract, followed by the original post, followed by the paper. I hope to have some collaborate and review my work in time. Abstract Fractal geometry is found universally and is said to be one of the best descriptions of our reality – from clouds and trees, to market price behaviour. As a fractal structure emerges  – the repeating of a simple rule –  it appears to share direct properties familiar to classical economics, including production, consumption, and equilibrium. This paper was an investigation into whether the mathematical principles behind ‘the market’ – known as marginalism – is an aspect or manifestation of a fractal geometry or attractor. Total and marginal areas (assumed to stand

The Passing of Benoit Mandelbrot

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Last night I was camping out with my wife  in the forests in Sweden and slept under the stars and this very wonderful scotch pine above. Apart from the romance of the setting, I went to sleep thinking over fractal explanations of (mostly) inflation of money, and it's connection to economic growth, development, and sustainability. They are really on my mind at the moment and I will write on my findings in the future in the near future. I heard this morning that Benoit Mandelbrot - the father of Fractals has died. I don't know what to think: I thought I might get to meet him someday. He curtainly hadn't made it into the mainstream: when I ask, hardly anyone knew of him or his fractals - outside maths of course. Yet he to me made what I believe the greatest discovery in human history (and I mean it) cause I am sure everything is fractral - evolution and all.  We just don't really know it yet how to use it. His name and input will only grow now - in  the very same w

Fractals - Marginal Analysis of the Koch Snowflake

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Marginalism, and Marginal Analysis: derived from the fractal (?) Update May 2017 This is by far my best idea; I have written it up in a working paper at my academia.edu and vixra , and named it:   Quantum Mechanics, Information and Knowledge, all Aspects of Fractal Geometry and Revealed in an Understanding of Marginal Economics. I shall post the Abstract, followed by the original post, followed by the paper. I hope to have some collaboration and review my work in time. Abstract Fractal geometry is found universally and is said to be one of the best descriptions of our reality – from clouds and trees, to market price behaviour. As a fractal structure emerges – the repeating of a simple rule – it appears to share direct properties familiar to classical economics, including production, consumption, and equilibrium. This paper was an investigation into whether the mathematical principles behind ‘the market’ – known as marginalism – is an aspect or manifestation of a fractal geo

ePublic Goods. Is the internet making new public goods

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Keywords: Public Goods, Internet, Media, Copyright, Market Failure, File Sharing, ePublic Goods An Explanation of the Mass Failure in the Market: the Internet – the Creator of ePublic Goods   First published:October 9, 2010 Update:  May 2017. Blair D. Macdonald. 2017 October: I see Bitcoin and any crypto current as an ePublic Good - it will fail. Abstract Media and entertainment industries are in decline; profitability down due to ‘freer access on computers. Is the internet producing ‘Public goods’ from what were Private goods? With respect to these goods and the Internet, the assumption used to classify ‘Private goods' and Public goods in an economy (the degree of excludability and rivalry) was analysed, and the respective industries tested for being Public Goods. It was concluded these goods within the entertainment/media industries are slowly being repositioned from what are termed 'private' or 'club'/'congestion' goods, to thei