The Fractal Nature of Geofinance.

Benoit Mandelbrot, the author of the epoch-making The Fractal Nature of Geomerty, recently released a tome entitled The (Mis)Behavior of Markets: A Fractal View of Risk, Ruin, and Reward.

This book challenges some of the first principles of economics and finance that underpin modern theory. If you’re a finance or a math geek, this book is for you. But there are also radical implications for politics contained in these shifts of the postualtes of financial theory.

Over the coming weeks, I will explore some of these implications including:

  • How we finance the national debt
  • Social security
  • Regulation of corporations and the security markets
  • Labor
  • The explosion of the efficient market theory and laissez-faire.
  • Globalization

I believe that this work will form the economic basis of a new progressive ideology, much the same way that “butterfly” economics have.

Stay tuned.