Economic Inequality: Is it Natural?
Mounting evidences are being gathered suggesting that income and wealth distribution in various countries or societies follow 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 physics models seem to provide illuminating ideas and understanding, complimenting the observations.
|Date of creation:||Mar 2007|
|Date of revision:||Mar 2007|
|Publication status:||Published in Current Science 92 (2007) 1383-1389|
|Contact details of provider:|| Web page: http://arxiv.org/|