Economic Inequality: Is it Natural?
Physics and Society
2008-12-02 v2 Statistical Mechanics
Data Analysis, Statistics and Probability
General Finance
Abstract
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.
Cite
@article{arxiv.physics/0703201,
title = {Economic Inequality: Is it Natural?},
author = {Arnab Chatterjee and Sitabhra Sinha and Bikas K. Chakrabarti},
journal= {arXiv preprint arXiv:physics/0703201},
year = {2008}
}
Comments
7 pages, 2 eps figs, 2 boxes with text and 2 eps figs; Popular review To appear in Current Science; typos in refs and text corrected