Income distribution dynamics of economic systems : an econophysical approach / Marcelo Byrro Ribeiro.

Author
Ribeiro, Marcelo Byrro, 1960- [Browse]
Format
Book
Language
English
Published/​Created
  • Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2020.
  • ©2020
Description
xvii, 315 pages ; 26 cm

Details

Subject(s)
Summary note
"The book deals with the empirical characterization and dynamics of income distribution and its related quantities from the epistemological and practical perspectives of contemporary physics. Part I discusses the methodological basis of econophysics, several distribution functions used to model the income data and presents empirical evidence supporting those distribution functions. Thomas Piketty's book on inequality is also partially reviewed. Part II discusses income and wealth distributions from the viewpoint of statistical physics, presenting a series of models of the income distribution characterization and dynamics. Part III deals with income distribution under the viewpoint that economic systems have circular flows. This dynamic approach is able to connect income classes to macroeconomic trade cycle theories. Issues like uncertainty, confidence, investment and stability are discussed and the Goodwin macroeconomic dynamics of growth with cycles is discussed in detail. Several other models based or inspired on this macrodynamics are presented and discussed"-- Provided by publisher.
Bibliographic references
Includes bibliographical references and indexes.
Contents
Economics and econophysics -- Measuring the income distribution -- Piketty's Capital in the twenty-first century -- Stochastic dynamics of income and wealth -- Circular flows in economic systems -- Goodwin type distributive macrodynamics.
ISBN
  • 9781107092532 (hardcover)
  • 1107092531 (hardcover)
  • 9781107465770 (paperback)
  • 110746577X (paperback)
LCCN
2019040881
OCLC
1109816767
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