FRACTAL ECONOMICS

Fractal analysis demonstrates  Information asymmetry :  Monopoly and Perfect Competition The diagram below shows the development of the fractal Koch Snowflake. Shape equilibrium (Perfect Knowledge) - but not absolute information as the fractal is infinite in detail or size - is reached at iteration 4 -  where the marginal benefit equals marginal cost.  Perfect Knowledge or ‘perfect information'  is achieved only with free, open, competitive, or unobstructed feedback. Any obstruction to 'iteration' in achieving this equilibrium—due to what may be termed a knowledge monopoly—will produce an incomplete fractal shape, imperfect knowledge, and asymmetric information. At some stage in the future, when things calm down, I plan to come back to this entry and update and further explain it: there is just so much to do.

Marginalism and Marginal Analysis are 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, and then 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 – repeating a simple rule – it appears to share direct properties familiar to classical economics, including production, consumption, and equilibrium. This paper investigated whether the mathematical principles behind ‘the market’ – known as marginalism – is an aspect or manifestation of a fractal geometry or attr...