Marginal Utility - derived from the fractal
Marginalism and Marginal Analysis: derived from the fractal. Here, I perform basic marginal analysis on the Koch Snowflake Intro For some time now, I have pondered on how the Koch Snowflake fractal (seen below) demonstrates, uncannily, key features in economic theory. Is it that the economy - as we experience it - is a fractal? or is the fractal an economy? After doing the following basic math, fractal geometry is the foundation of the social science of economics. Koch Snowflake animation: Towards Equilibrium From the outset, the concept of Marginalism and fractals have something in common: They are both about the next unit or iteration. Once a rule, in this case, new triangles, is set in action and allowed to progress (iterate) step by step, it will go on to eventually form a snowflake. After iteration 4, the shape will set and no longer change - at least from the viewers' static perspective. Koch Snowflake development If one were to continue the itera...