Wednesday, March 30, 2011

Fractal Long Run Short Run

The fractal demonstrates the economic Short Run and the Long Run
In line with the classical economic view of short run and the long run - best demonstrated by images of  cost curves - the fractal is the math of the said phenomena.

Short Run:
The development and growth of the fractal – from iteration 1 to the equilibrium iteration is the fractal (economic) Short Run. The Short Run is the effect of the starting rule, e.g. branching, or adding of triangles.

The Long Run:
The Long Run is the end state, the total superpostition, where all the infinite possibilities are shown : the state where equilibrium iteration shape is set – to the fully developed tree, or snowflake.

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