Statistical Mechanics of Money, Income, and Wealth: A Short Survey
AbstractIn this short paper, we overview and extend the results of our papers cond-mat/0001432, cond-mat/0008305, and cond-mat/0103544, where we use an analogy with statistical physics to describe probability distributions of money, income, and wealth in society. By making a detailed quantitative comparison with the available statistical data, we show that these distributions are described by simple exponential and power-law functions.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by arXiv.org in its series Papers with number cond-mat/0211175.
Date of creation: Nov 2002
Date of revision:
Publication status: Published in Modeling of Complex Systems: Seventh Granada Lectures, AIP Conference Proceedings 661, New York, 2003, pp. 180-183
Contact details of provider:
Web page: http://arxiv.org/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Cockshott, Paul & Zachariah, David, 2014. "Conservation laws, financial entropy and the Eurozone crisis," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 8(5), pages 1-55.
- Cockshott, Paul & Zachariah, David, 2013. "Conservation laws, financial entropy and the eurozone crisis," Economics Discussion Papers 2013-36, Kiel Institute for the World Economy.
- Paul Cockshott & David Zachariah, 2013. "Conservation laws, financial entropy and the Eurozone crisis," Papers 1301.5974, arXiv.org.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (arXiv administrators).
If references are entirely missing, you can add them using this form.