Econophysics of Income and Wealth Distributions

$139.00 (C)

textbook

Authors:
Bikas K. Chakrabarti, Saha Institute of Nuclear Physics, Kolkata
Anirban Chakraborti, Ecole Centrale Paris
Satya R. Chakravarty, Indian Statistical Institute, Kolkata
Arnab Chatterjee, Aalto University, Finland

Date Published: April 2013
availability: Temporarily unavailable - available from TBC
format: Hardback
isbn: 9781107013445

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$ 139.00 (C)
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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.
- Extensive mathematical and numerical treatments are given after sufficient introduction, so readers can understand the material without necessarily having to go through technical details
- The first monograph in econophysics to focus on the analyses and modelling of income and wealth distributions
- Presents a scientific view of this hotly debated issue, taking readers to the frontier of current research problems
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Product details
- Date Published: April 2013
- format: Hardback
- isbn: 9781107013445
- length: 222 pages
- dimensions: 253 x 178 x 15 mm
- weight: 0.59kg
- contains: 86 b/w illus.
- availability: Temporarily unavailable - available from TBC
Table of Contents
1. Introduction
2. Income and wealth distribution data for different countries
3. Major socio-economic modellings
4. Market exchanges and scattering process
5. Analytic structure of the kinetic exchange market models
6. Microeconomic foundation of the kinetic exchange models
7. Dynamics: generation of income, inequality and development
8. Outlook
References
Index.
Look Inside
Authors
Bikas K. Chakrabarti, Saha Institute of Nuclear Physics, Kolkata
Bikas K. Chakrabarti is a Senior Professor of Theoretical Condensed Matter Physics at the Saha Institute of Nuclear Physics and a visiting Professor of Economics at the Indian Statistical Institute. He has research interests in statistical physics, condensed matter physics, computational physics and econophysics.
Anirban Chakraborti, Ecole Centrale Paris
Anirban Chakraborti is an Associate Professor at the Quantitative Finance Group, École Centrale Paris. He has research interests in statistical physics, econophysics and quantum physics.
Satya R. Chakravarty, Indian Statistical Institute, Kolkata
Satya R. Chakravarty is a Professor in the Economic Research Unit of the Indian Statistical Institute, Kolkata. His main areas of research interest are welfare economics, public economics, mathematical finance, industrial organization and game theory.
Arnab Chatterjee, Aalto University, Finland
Arnab Chatterjee is a postdoctoral researcher at Aalto University, Finland. He has research interests in statistical physics and its application to condensed matter and social sciences.