Econophysics of Income and Wealth Distributions
Econophysics of Income and Wealth Distributions
Anirban Chakraborti, Ecole Centrale Paris
Satya R. Chakravarty, Indian Statistical Institute, Kolkata
Arnab Chatterjee, Aalto University, Finland
£130.00
GBPThe distribution of wealth and income is never uniform, and philosophers and economists have tried for years to understand the reasons and formulate remedies for such inequalities. This book introduces the elegant and intriguing kinetic exchange models that physicists have developed to tackle these issues. This is the first monograph in econophysics focussed on the analyses and modelling of these distributions, and is ideal for physicists and economists. It is written in simple, lucid language, with plenty of illustrations and in-depth analyses, making it suitable for researchers new to this field as well as specialized readers. It explores the origin of economic inequality and examines the scientific steps that can be taken to reduce this inequality in the future.
- Extensive mathematical and numerical treatments are given after sufficient introduction, so readers can understand the material without necessarily having to go through technical details
- The first monograph in econophysics to focus on the analyses and modelling of income and wealth distributions
- Presents a scientific view of this hotly debated issue, taking readers to the frontier of current research problems
Product details
March 2013Hardback
9781107013445
222 pages
253 × 178 × 15 mm
0.59kg
86 b/w illus.
Available
Table of Contents
- 1. Introduction
- 2. Income and wealth distribution data for different countries
- 3. Major socio-economic modellings
- 4. Market exchanges and scattering process
- 5. Analytic structure of the kinetic exchange market models
- 6. Microeconomic foundation of the kinetic exchange models
- 7. Dynamics: generation of income, inequality and development
- 8. Outlook
- References
- Index.
