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How to win acceptance of the inequality process as economics

By: Material type: Mixed materialsMixed materialsPublication details: 2014Description: 117-34Subject(s): NLM classification:
  • 330
In: IIM KOZHIKODE SOCIETY & MANAGEMENT REVIEWMSummary: The inequality process (IP) is a practice system model similar to that of the Kinetic theory of gases. The IP is a parsimonious model of competion among people for wealth. The IP explains a wide scope of stable patterns in the distribution of personal income and wealth. Econophysicists have adopted the IP as part of their field, but the IP has been ignored or rejected by economicsts even though economicsts claim expertise on data analysis.
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The inequality process (IP) is a practice system model similar to that of the Kinetic theory of gases. The IP is a parsimonious model of competion among people for wealth. The IP explains a wide scope of stable patterns in the distribution of personal income and wealth. Econophysicists have adopted the IP as part of their field, but the IP has been ignored or rejected by economicsts even though economicsts claim expertise on data analysis.

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