FRACTAL ECONOMICS

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 someone 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 margin...

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

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...

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 Abstract Media and entertainment industries are declining; profitability is down due to ‘freer computer access. 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 were tested for being Public Goods. It was concluded that these goods within the entertainment/media industries are slowly being repositioned from what is termed 'private' or 'club'/'congestion' goods to their extreme opposite, public goods. The ‘free rider problem’ of Public Goods has become the ‘free copy problem’ with respect to t...