Abstract
The driving force in both economic and ecological systems can be considered to be effective under analogous conditions (Smale, 1980; Mandelbrot, 1982). The high oil prices of the 1970s encouraged energy conservation and increased oil exploration, precipitating a predictable drop in prices by the early 1980s. According to conventional economic theory, the equilibrium marks the most reasonable outcome possible under these circumstances. Let us consider a few examples that may be useful in showing fractal trends in economic growth.
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© 1993 Springer Science+Business Media New York
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Birdi, K.S. (1993). Diverse Fractal Systems. In: Fractals in Chemistry, Geochemistry, and Biophysics. Springer, Boston, MA. https://doi.org/10.1007/978-1-4899-1124-7_10
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DOI: https://doi.org/10.1007/978-1-4899-1124-7_10
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4899-1126-1
Online ISBN: 978-1-4899-1124-7
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