Wealth condensation in pareto macroeconomies.

  title={Wealth condensation in pareto macroeconomies.},
  author={Zdzislaw Burda and Desmond A. Johnston and Jerzy Jurkiewicz and Marek Kamiński and Maciej A. Nowak and G{\'a}bor Papp and Ismail Zahed},
  journal={Physical review. E, Statistical, nonlinear, and soft matter physics},
  volume={65 2 Pt 2},
  • Z. Burda, D. Johnston, I. Zahed
  • Published 5 January 2001
  • Economics
  • Physical review. E, Statistical, nonlinear, and soft matter physics
We discuss a Pareto macroeconomy (a) in a closed system with fixed total wealth and (b) in an open system with average mean wealth, and compare our results to a similar analysis in a super-open system (c) with unbounded wealth [J.-P. Bouchaud and M. Mézard, Physica A 282, 536 (2000)]. Wealth condensation takes place in the social phase for closed and open economies, while it occurs in the liberal phase for super-open economies. In the first two cases, the condensation is related to a mechanism… 

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The cooperation with leading scientists from all fields of research and higher education and ministers for research in Germany and the experience of giving expert advice to the federal and the state governments in Germany were very interesting experiences.
Physica A 282
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