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  3. Econophysics of Income and Wealth Distributions
  • Cited by 126
Publisher:
Cambridge University Press
Online publication date:
May 2013
Print publication year:
2013
Online ISBN:
9781139004169
DOI:
https://doi.org/10.1017/CBO9781139004169
Subjects:
Economics, Econophysics and Financial Physics, Physics and Astronomy, Econometrics and Mathematical Methods
Information

Book description

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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