Econophysics of Wealth Distributions

Econophys-Kolkata I

Author: Arnab Chatterjee, Sudhakar Yarlagadda, Bikas K. Chakrabarti

Code: LIPSEC0127071

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Econophysics of Wealth Distributions

Econophys-Kolkata I

Author:

Code: LIPSEC0127071

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Econophysics of Wealth Distributions - Econophys-Kolkata I

Features

Econophys-Kolkata I

Author: 

Publisher:  Springer

Place of printing:  Milan

Year of publication: 

Necklace:  New Economic Windows

We all know the hard fact: neither wealth nor income is ever uniform for us all. Justified or not, they are unevenly distributed; few are rich and many are poor! Investigations for more than hundred years and the recent availability of the income distribution data in the internet (made available by the finance ministries of various countries; from the tax return data of the income tax departments) have revealed some remarkable features. Irrespective of many differences in culture, history, language and, to some extent, the economic policies followed in different countries, the income distribution is seen to fol low a particular universal pattern. So does the wealth distribution. Barring an initial rise in population with income (or wealth; for the destitutes), the population decreases either exponentially or in a log-normal way for the ma jority of 'middle income' group, and it eventually decreases following a power law (Pareto law, following Vilfredo Pareto's observation in 1896) for the rich est 5-10 % of the population! This seems to be an universal feature - valid for most of the countries and civilizations; may be in ancient Egypt as well! Econophysicists tried to view this as a natural law for a statistical ma- body-dynamical market system, analogous to gases, liquids or solids: classical or quantum.

Product Condition:
Specimen in good condition. Cover with traces of dust. Yellowed cuts. Slightly yellowed pages. Texts in English. Texts in English; Books in good conditions

ISBN Code:  8847003296

EAN:  9788847003293

Pages:  ix, 248

Format:  Hardbound

Dimensions (cm):
Height:  24
Width:  16

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