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Econophysics of income and wealth distributions
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ISBN: 9781107013445 1107013445 9781139004169 1139621424 1107234913 1139610260 113961584X 1139625144 1139004166 1139608673 1139612123 1299257666 9781139625142 9781139615846 9781299257665 9781139612128 9781107234918 9781139610261 9781139608671 Year: 2013 Publisher: Cambridge Cambridge University Press

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Abstract

The 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.

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