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Econophysics of Wealth Distributions

Econophys-Kolkata I
E-BookPDFDigital Watermark [Social-DRM]E-Book
EUR53,49

Produktbeschreibung

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.
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Details

Weitere ISBN/GTIN9788847003897
ProduktartE-Book
EinbandE-Book
FormatPDF
FormatFormat mit automatischem Seitenumbruch (reflowable)
ErscheinungsortMilano
ErscheinungslandItalien
Erscheinungsdatum25.06.2007
Auflage2005
SpracheEnglisch
Dateigrösse13537682 Bytes
IllustrationenIX, 248 p.
Artikel-Nr.10441578
KatalogVC
Datenquelle-Nr.3172269
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This book has had something of a miraculous resurrection. A few months ago, it looked like it could well be pulped and its author sued for libel after one of his subjects took offence at a less than flattering portrait. British libel laws are such that a writer facing an oligarch in court is not felt to stand much of a chance and there was a strong feeling in the publishing world that Tom Burgis would be required to cough up a considerable sum of cash. For once however, the British courts sided with the little guy and dismissed the case, allowing this excellent book to continue its life out in the wild. Although technical and at times a bit opaque on financial detail, it is an extremely well put together account of how dodgy money (very often channelled through London) can be moved around the world and continuing enriching both its very questionable owners and their willing accessories.

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