The new theory reported today in New Scientist has been laid out in an online paper entitled "An Exceptionally Simple Theory of Everything" by Lisi, who completed his doctorate in theoretical physics in 1999 at the University of California, San Diego.

He has high hopes that his new theory could provide what he says is a "radical new explanation" for the three decade old Standard Model, which weaves together three of the four fundamental forces of nature: the electromagnetic force; the strong force, which binds quarks together in atomic nuclei; and the weak force, which controls radioactive decay.

The reason for the excitement is that Lisi's model also takes account of gravity, a force that has only successfully been included by a rival and highly fashionable idea called string theory, one that proposes particles are made up of minute strings, which is highly complex and elegant but has lacked predictions by which to do experiments to see if it works.

But some are taking a cooler view. Prof Marcus du Sautoy, of Oxford University and author of Finding Moonshine, told the Telegraph: "The proposal in this paper looks a long shot and there seem to be a lot things still to fill in."

And a colleague Eric Weinstein in America added: "Lisi seems like a hell of a guy. I'd love to meet him. But my friend Lee Smolin is betting on a very very long shot."

Lisi's inspiration lies in the most elegant and intricate shape known to mathematics, called E8 - a complex, eight-dimensional mathematical pattern with 248 points first found in 1887, but only fully understood by mathematicians this year after workings, that, if written out in tiny print, would cover an area the size of Manhattan.