Income Distribution Dynamics Of Economic Systems

Author : Marcelo Byrro Ribeiro
Publisher : Unknown
Page : 128 pages
File Size : 53,7 Mb
Release : 2020
Category : Econophysics
ISBN : 110746577X

Get Book

Income Distribution Dynamics of Economic Systems by Marcelo Byrro Ribeiro Pdf

"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"--

Author : Thomas Martin Baumgartner,Tom R. Burns,Philippe DeVille
Publisher : Taylor & Francis
Page : 378 pages
File Size : 40,7 Mb
Release : 1986
Category : Business & Economics
ISBN : 2881240275

Get Book

The Shaping of Socio-economic Systems by Thomas Martin Baumgartner,Tom R. Burns,Philippe DeVille Pdf

First Published in 1986. Routledge is an imprint of Taylor & Francis, an informa company.

Author : Marcelo Byrro Ribeiro
Publisher : Cambridge University Press
Page : 335 pages
File Size : 46,9 Mb
Release : 2020-03-26
Category : Business & Economics
ISBN : 9781108850704

Get Book

Income Distribution Dynamics of Economic Systems by Marcelo Byrro Ribeiro Pdf

Econophysics has been used to study a range of economic and financial systems. This book uses the econophysical perspective to focus on the income distributive dynamics of economic systems. It focuses on the empirical characterization and dynamics of income distribution and its related quantities from the epistemological and practical perspectives of contemporary physics. Several income distribution functions are presented which fit income data and results obtained by statistical physicists on the income distribution problem. The book discusses two separate research traditions: the statistical physics approach, and the approach based on non-linear trade cycle models of macroeconomic dynamics. Several models of distributive dynamics based on the latter approach are presented, connecting the studies by physicists on distributive dynamics with the recent literature by economists on income inequality. As econophysics is such an interdisciplinary field, this book will be of interest to physicists, economists, statisticians and applied mathematicians.

Author : François Bourguignon,Francisco H. G. Ferreira,Nora Lustig
Publisher : World Bank Publications
Page : 438 pages
File Size : 51,8 Mb
Release : 2004
Category : Business & Economics
ISBN : 0821358618

Get Book

The Microeconomics of Income Distribution Dynamics in East Asia and Latin America by François Bourguignon,Francisco H. G. Ferreira,Nora Lustig Pdf

This book is about how the distribution of income changes during the process of income development. Understanding development and the process of poverty reduction requires understanding not only how total income grows but also how its distribution behaves over time. The authors propose a decomposition of differences in entire distributions of household incomes, shedding new light on the powerful, and often conflicting, forces that underpin the changes in poverty and inequality that accompany the process of economic development. This approach is applied to three East Asian countries -- Indonesia, Malaysia, and China -- and to four in Latin America -- Argentina, Brazil, Colombia, and Mexico.

Author : Giuseppe Bertola,Reto Foellmi,Josef Zweimüller
Publisher : Princeton University Press
Page : 439 pages
File Size : 40,5 Mb
Release : 2014-09-28
Category : Business & Economics
ISBN : 9780691164595

Get Book

Income Distribution in Macroeconomic Models by Giuseppe Bertola,Reto Foellmi,Josef Zweimüller Pdf

This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.

Author : Thomas Baumgartner,Tom R. Burns,Philippe DeVille
Publisher : Routledge
Page : 363 pages
File Size : 40,6 Mb
Release : 2014-08-07
Category : Social Science
ISBN : 9781317651147

Get Book

The Shaping of Socio-Economic Systems (RLE Social Theory) by Thomas Baumgartner,Tom R. Burns,Philippe DeVille Pdf

Actor-systems dynamics is an innovative, multidisciplinary methodology for investigating and analyzing social struggles over economic resources and the related interplay between economic and socio-political institutions and processes. The authors, sociologists and economists, offer a systemic perspective on contemporary socio-economic issues such as economic crisis, unemployment, inflation, economic democracy and development; in their analyses, they identify several of the key factors that drive people to interact, to initiate change and transformation as well as to resist such change. Major underlying themes in the book are: Conflict over the distribution of economic resources and economic policies and institutions; the structural bases of economic inequality and conflict; the shaping and reshaping of socio-economic institutions, and the contradictions, conflicts and instabilities evoked by such developments; the failure of orthodox economic theories, including Keynesianism, in the face of recurrent economic crises and instabilities; the development and application of an open, dynamic actor-oriented systems theory – grounded in the social sciences – addressing complex socio-economic phenomena in ways diverging substantially from conventional economics. All in all, the papers collected here deal, on the one hand, with social power, conflict, and struggle concerning economic resources and institutions and, on the other hand, the structural and other factors which drive powering initiatives, conflict, and social innovation and transformation. The book is addressed to a broad spectrum of social and managerial scientists concerned with socio-economic issues, institutions, and development.

Author : Neri Salvadori
Publisher : Edward Elgar Publishing
Page : 458 pages
File Size : 46,7 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 1781008213

Get Book

Economic Growth and Distribution by Neri Salvadori Pdf

Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian-Kaleckian-Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; the role on institutions.

Author : Anthony Barnes Atkinson,François Bourguignon
Publisher : Elsevier
Page : 980 pages
File Size : 42,6 Mb
Release : 2000
Category : Economics
ISBN : 0444816313

Get Book

Handbook of Income Distribution by Anthony Barnes Atkinson,François Bourguignon Pdf

Author : Peter Flaschel
Publisher : Springer Science & Business Media
Page : 402 pages
File Size : 46,9 Mb
Release : 2008-12-11
Category : Business & Economics
ISBN : 9783540879329

Get Book

The Macrodynamics of Capitalism by Peter Flaschel Pdf

This book provides an introduction to advanced macrodynamics, viewed as a di- quilibriumtheoryof?uctuatinggrowth. Itbuildsonanearlierattempttoreformulate 1 the foundations of macroeconomics from the perspective of real markets diseq- librium and the con?ict over income distribution between capital and labor. It does so, not because it wants to support the view that this class con?ict is inevitable, but with the perspective that an understanding of this con?ict may help to formulate socio-economic principles and policies that can help to overcome class con?ict at least in its cruder forms or that can even lead to rationally understandable proce- 2 dures and rules that turn this con?ict into a consensus-driven interaction between 3 capitalists or their representatives and the employable workforce. The book starts from established theories of temporary equilibrium positions, the forces of real growth, and the con?ict over income distribution, represented by basic modeling approaches, which it considers in detail in its Part I in order to prepare the ground for their integration in Part II of the book. In this way we inspect what types of models of disequilibrium, income distribution, and real growth we have at our disposal, as models that have proved to be of real interest and sound from a rigorous modeling perspective.

Author : Ferri, Piero
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 42,7 Mb
Release : 2022-03-15
Category : Business & Economics
ISBN : 9781802206012

Get Book

Income Distribution, Growth and Unemployment by Ferri, Piero Pdf

Piero Ferri expertly broadens the analysis of the canonical growth cycle approach by presenting a Minsky–Harrod model, examining how the relationship between income distribution, growth and unemployment becomes increasingly complex. Exploring this new technique to generate a process of growth, based not only on history but disequilibrium, he investigates the current income distribution debate further and the challenges it faces.

Author : John Creedy,Guyonne Kalb
Publisher : Emerald Group Publishing
Page : 369 pages
File Size : 51,6 Mb
Release : 2006-07-01
Category : Business & Economics
ISBN : 9780762313501

Get Book

Dynamics of Inequality and Poverty by John Creedy,Guyonne Kalb Pdf

Consists of papers related to the theme of the dynamics of inequality and poverty that are subdivided into four separate parts. This volume examines inequality and poverty over time, the intergenerational transfer of poverty, inequality over time, and measurement issues. The chapters discuss inequality and poverty in developed countries.

Author : Enrico Bellino
Publisher : Routledge
Page : 267 pages
File Size : 47,5 Mb
Release : 2021-12-30
Category : Business & Economics
ISBN : 9781000522464

Get Book

Production, Value and Income Distribution by Enrico Bellino Pdf

This book investigates the relationship between wages, profits, values and labour employment from a classical-Keynesian perspective. The starting point of this approach is classical political economy (in particular, Smith, Ricardo and Marx), suitably reformulated in modern terms by Sraffa and then integrated with the Keynesian theory of employment. Such an approach proves to be more appropriate in understanding the complexities of current economies and in identifying the instruments to pursue the final goal of economic systems: putting each person in a position to earn what is necessary to live with dignity. The approach undertaken by these chapters is in contrast to the ‘marginalist’ or ‘neoclassical’ school, which constitutes the mainstream of economic analysis. Especially in recent decades, several critical analyses of the present state of economic research have emerged due to the failure of contemporary economic analysis to acutely penetrate and guide the workings of actual economic systems. But these analyses have not always been effectively presented in a coordinated manner. This work presents one possible unifying framework—grounded in a solid tradition of economic thought—which aims to describe the basic forces operating in capitalistic economies and to identify the main objectives to pursue in production economies in order to fully exploit their potential. Most importantly, the focus of such classical-Keyensian analysis concerns the production of goods and services, and this book shows how several factors typical of contemporary (post-)industrial societies thus can be understood in a way that the standard economic theory has not been able to explicate (due to the reduction of everything to a question of exchange). The book provides key reading for those on master level economics courses. Moreover, it constitutes a solid introduction to modern classical-Keynesian analysis. It may also be of interest to readers who are keen to develop a critical view of economics, political economy and history of economic thought.

Author : Robert Y. Cavana,Brian C. Dangerfield,Oleg V. Pavlov,Michael J. Radzicki,I. David Wheat
Publisher : Springer Nature
Page : 593 pages
File Size : 53,6 Mb
Release : 2021-06-30
Category : Business & Economics
ISBN : 9783030671907

Get Book

Feedback Economics by Robert Y. Cavana,Brian C. Dangerfield,Oleg V. Pavlov,Michael J. Radzicki,I. David Wheat Pdf

This book approaches economic problems from a systems thinking and feedback perspective. By introducing system dynamics methods (including qualitative and quantitative techniques) and computer simulation models, the respective contributions apply feedback analysis and dynamic simulation modeling to important local, national, and global economics issues and concerns. Topics covered include: an introduction to macro modeling using a system dynamics framework; a system dynamics translation of the Phillips machine; a re-examination of classical economic theories from a feedback perspective; analyses of important social, ecological, and resource issues; the development of a biophysical economics module for global modelling; contributions to monetary and financial economics; analyses of macroeconomic growth, income distribution and alternative theories of well-being; and a re-examination of scenario macro modeling. The contributions also examine the philosophical differences between the economics and system dynamics communities in an effort to bridge existing gaps and compare methods. Many models and other supporting information are provided as online supplementary files. Consequently, the book appeals to students and scholars in economics, as well as to practitioners and policy analysts interested in using systems thinking and system dynamics modeling to understand and improve economic systems around the world. "Clearly, there is much space for more collaboration between the advocates of post-Keynesian economics and system dynamics! More generally, I would like to recommend this book to all scholars and practitioners interested in exploring the interface and synergies between economics, system dynamics, and feedback thinking." Comments in the Foreword by Marc Lavoie, Emeritus Professor, University of Ottawa and University of Sorbonne Paris Nord

Author : K. K. Dompere
Publisher : Praeger
Page : 216 pages
File Size : 54,7 Mb
Release : 1999-11-30
Category : Business & Economics
ISBN : STANFORD:36105024882990

Get Book

The Theory of Aggregate Investment and Output Dynamics in Open Economic Systems by K. K. Dompere Pdf

Building on his companion volume on closed economic systems, Dompere develops a theory of aggregate investment, optimal capital, and output dynamics for open economic systems under neo-Keynesian conditions with special reference to growth policy. By constructing and tracing the path of equilibrium aggregate investment, the study isolates and analyzes the internal and external factors that influence the adjusting of investment to aggregate finance and profit. It examines the role international trade and finance play in alleviating domestic technological and savings constraints on capital creation and growth. The theory's conclusions are used to analyze the rate of accumulation and finance needed to support a rate of output growth selected as part of an internal aggregate decision process. The analysis is extended to aggregrate development capital-output planning. The study goes on to discuss conceptual and aggregational problems of measures of economic openness implied in the data requirements across national economies. Here a unique set of theoretical measures of economic openness, different from the traditional, is developed. The book, further, presents a critique and appraisal of the essential capital elements implied by endogenous growth theory.

Author : Arnab Chatterjee,Sudhakar Yarlagadda,Bikas K. Chakrabarti
Publisher : Springer Science & Business Media
Page : 251 pages
File Size : 41,5 Mb
Release : 2005-07-19
Category : Business & Economics
ISBN : 9788847003293

Get Book

Econophysics of Wealth Distributions by Arnab Chatterjee,Sudhakar Yarlagadda,Bikas K. Chakrabarti Pdf

We all know the hard fact: neither wealth nor income is ever uniform for us all. Justified or not, they are unevenly distributed; few are rich and many are poor! Investigations for more than hundred years and the recent availability of the income distribution data in the internet (made available by the finance ministries of various countries; from the tax return data of the income tax departments) have revealed some remarkable features. Irrespective of many differences in culture, history, language and, to some extent, the economic policies followed in different countries, the income distribution is seen to fol low a particular universal pattern. So does the wealth distribution. Barring an initial rise in population with income (or wealth; for the destitutes), the population decreases either exponentially or in a log-normal way for the ma jority of 'middle income' group, and it eventually decreases following a power law (Pareto law, following Vilfredo Pareto's observation in 1896) for the rich est 5-10 % of the population! This seems to be an universal feature - valid for most of the countries and civilizations; may be in ancient Egypt as well! Econophysicists tried to view this as a natural law for a statistical ma- body-dynamical market system, analogous to gases, liquids or solids: classical or quantum.