Income distribution dynamics of economic systems : an econophysical approach /

Income distribution dynamics of economic systems : an econophysical approach /

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Bibliographic Details
Author / Creator:	Ribeiro, Marcelo Byrro, 1960- author.
Imprint:	Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2020. ©2020
Description:	xvii, 315 pages : illustrations ; 26 cm
Language:	English
Subject:	Income distribution -- Statistical methods. Econophysics. Econophysics. Income distribution -- Statistical methods.
Format:	Print Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12314061

Hidden Bibliographic Details
ISBN:	9781107092532 1107092531 9781107465770 110746577X 9781316136119 9781108851060
Notes:	Includes bibliographical references and indexes.
Summary:	"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"--
Other form:	Online version: Ribeiro, Marcelo Byrro, 1960- Income distribution dynamics of economic systems. Cambridge ; New York, NY : Cambridge University Press, 2018 9781316136119

Table of 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.