Economic inequality: is it natural?

Chatterjee, Arnab ; Sinha, Sitabhra ; Chakrabarti, Bikas K. (2007) Economic inequality: is it natural? Current Science, 92 (10). pp. 1383-1389. ISSN 0011-3891

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Mounting evidences are being gathered suggesting that income and wealth distribution in various countries or societies follows a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium, but also deviating significantly for high-income groups. Application of physical models seems to provide illuminating ideas and understanding, complementing the observations.

Item Type:Article
Source:Copyright of this article belongs to Current Science Association.
Keywords:Asset Exchange Model; Kinetic Theory; Pareto Law; Wealth Distribution
ID Code:5798
Deposited On:19 Oct 2010 10:55
Last Modified:16 May 2016 16:15

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