Economic Inequality: Is it Natural?

Details Economic Inequality: Is it Natural? Economic Inequality: Is it Natural?

2007-03-21

arxiv.org/abs/physics/0703201v2

Current Science 92 (2007) 1383-1389

Physics

Physics and Society

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 cor

Scientific paper

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.

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