FRACTAL ECONOMICS

This entry is an addition to my earlier work on fractal marginal utility, something I have been reluctant to add due to the consequences of such a statement. I am convinced that negative marginal utility is misattributed: the MU curve does not go negative, as shown below. Wikipedia. The fractal shows us that production and benefit are never separated; you cannot have one without the other. The increasing marginal cost (MC) after fractal equilibrium (green in Fig. 2 and 2b below) is more than enough to account for this 'negative marginal utility'. The cost rises - greater than the satisfaction or benefit  -after fractal equilibrium: this is the feeling of being ill after excess consumption, of having had too much of something.

Marginal Cost - derived from the fractal Original Post The fractal demonstrates cost. To demonstrate the increasing cost—in effort and time—at each iteration (see my first blog on marginal analysis and the fractal) to produce the fractal, I used the reciprocal and inverted the Marginal Area, MA. The rationale for this choice is that the more area there is for the snowflake, the more cost. I am sure there are other ways of doing this, but this method is as simple and easy as calculating the MC again; it should be okay. Fig. 2 shows the original MA TA diagram with the MC. Background One thing about computer generated fractals is that they appear to be produced with ease, we simply forget that they would not be viewable if it were not for the memory and processing power of our modern computer. To see how complex and slow they are to draw, one only has to take a pen and paper and have a go at drawing the Koch snowflake progression - step by step. It is easy from the begi...