Fractal Price Elasticity of Supply
It's Sunday morning, a time I like to share with you, but I've been thinking about recently. Well, if I were to do that and its totality, it'll be way too much. I have my book I'm working on—the cosmology problem—and the topic of this post: price elasticity of supply and the fracture. One of my early insights into the fractal was elasticity. I teach economics and have just gone through the section on elasticity, which I find absolutely fascinating and an absolute insight into reality. It is a place where economics becomes physics, and it is a property of everything, revealed in economics: elasticity, namely, the price elasticity of demand (PED) and the price elasticity of supply (PES). My 2011 blog entry on this topic. For years, I have been trying to make this work, make this correspond. If the economy is a fractal, then elasticity should be explained by the fractal. I find myself at the risk of trying to make this fit; confirmation bias. But for some reason, this yea...