Novelty theory attempts to calculate the ebb and flow of novelty in the universe as an inherent quality of time. It is an idea conceived of and discussed at length by Terence McKenna from the early 1970s until his death in the year 2000.
According to McKenna, when “novelty” is graphed over time, a fractal waveform known as timewave zero or simply the timewave results. The graph shows at what times, but never at what locations, novelty is increasing or decreasing.
According to the timewave graph, great periods of novelty occurred about 4 billion years ago when Earth was formed, 65 million years ago when dinosaurs were extinct and mammals expanded, about 10,000 years ago after the end of the ice age, around late 18th century when social and scientific revolutions progressed and during the 1960s.
Interestingly, he also saw greater novelty coming around the time of 9/11/2001 and in November 2008 (election), this fall in October 2010 and novelty progressing towards the infinity on 21st December 2012.
I haven’t found a complete analysis of McKenna’s wave – for example, what occurred in May 1996 that he saw such a precipitous drop in novelty?