To me, the idea of infinite memory processes is one of the most important concepts touched on by Mandelbrot in this book. It suggests that economists and traders should be developing models and theories which value the importance of price series and data going back decades. And it makes sense to me that people and prices do not change their fundamental behavior over extended periods of technological evolution. However, I suspect that organisms do change their fundamental behavior if the time horizon is thousands or millions of years. I am very curious to read more about Hurst’s studies of the Nile.
Category: physics (Page 3 of 12)
I absolutely loved the stunning imagery and awe captured in Planet Ocean. Looking at the microscopic organisms blooming in the ocean, then witnessing the entire Gaia system interacting in complex ways, the perspectives are inspiring for scientists and artists. It was one of the best visual documentaries I have seen. Definitely worth watching!
Kondratieff Waves, Warfare and World Security: Volume 5 NATO Security through Science Series: Human and Societal Dynamics by T.C. Devezas is what I am currently reading.
Fascinating to say the least.
Also, see: A Spectral Analysis of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and Kitchin Cycles in Global Economic Development, and the 2008–2009 Economic Crisis Korotayev, Andrey V and Tsirel, Sergey V.
Being a huge fan of Carl Sagan’s books, I was delightfully surprised when I found that his son, Dorion Sagan, is a prolific writer on the subjects of science, philosophy, and evolution. The first of his works which I decided to read is entitled Cosmic Apprentice: Dispatches from the Edges of Science. For a good review see Maria Popova’s review here. I loved reading the book and I look forward to reading more of Sagan’s writings.