Quotes About Power law

From a purely mathematical perspective, a power law signifies nothing in particular—it's just one of many possible kinds of algebraic relationship. But when a physicist sees a power law, his eyes light up. For power laws hint that a system may be organizing itself. They arise at phase transitions, when a system is poised at the brink, teetering between order and chaos. They arise in fractals, when an arbitrarily small piece of a complex shape is a microcosm of the whole.

And to come back to the economy for a moment, the lifetime distribution of firms is also a power law. Now