Econophysics of Wealth Distributions

Econophys-Kolkata I

  • Arnab Chatterjee
  • Sudhakar Yarlagadda
  • Bikas K Chakrabarti

Part of the New Economic Windows book series (NEW)

Table of contents

  1. Front Matter
    Pages I-IX
  2. Data and analysis

  3. Models and theories

    1. Front Matter
      Pages 49-49
    2. Jürgen Mimkes, Geoff Willis
      Pages 61-69
    3. Jürgen Mimkes, Yuji Aruka
      Pages 70-78
    4. Arnab Chatterjee, Bikas K Chakrabarti
      Pages 79-92
    5. Marco Patriarca, Anirban Chakraborti, Kimmo Kaski, Guido Germano
      Pages 93-110
    6. K. Bhattacharya, G. Mukherjee, S. S. Manna
      Pages 111-119
    7. Peter Richmond, Przemysław Repetowicz, Stefan Hutzler
      Pages 120-125
    8. Yougui Wang, Ning Ding
      Pages 126-136
    9. Sudhakar Yarlagadda, Arnab Das
      Pages 137-148
    10. S. Risau Gusman, M. F. Laguna, J. R. Iglesias
      Pages 149-158
    11. Mishael Milaković
      Pages 184-191
  4. Related studies

    1. Front Matter
      Pages 193-193
    2. Indrani Bose, Subhasis Banerjee
      Pages 195-198
    3. Anita Mehta, A S Majumdar, J M Luck
      Pages 199-204
    4. A. Sarkar, P. Barat
      Pages 210-213
    5. Dipti Prakas Pal, Hridis Kr. Pal
      Pages 218-222
  5. Comments and Discussions

    1. Front Matter
      Pages 223-223
    2. Bikas K Chakrabarti
      Pages 225-228
    3. Paul M. Anglin
      Pages 229-238
    4. Peter Richmond, Jürgen Mimkes, Mauro Gallegati, Thomas Lux, Victor M Yakovenko
      Pages 239-245
  6. Back Matter
    Pages 246-248

About this book


Understanding the distribution of income and wealth in an economy has been a classic problem in economics for the last hundred years. Apart from the rapidly decaying number density of people with their income crossing over to a robust power law for the very rich, known as the Pareto power-law, after Vilfredo Pareto. With the availability of accurate data from finance/income-tax departments of various countries, several robust features of the income distribution have been established.

This field had been dormant for more than a decade, although accurate data had been accumulated over this period. The recent enthusiasm comes mainly from the physicists modelling of markets in analogy with physical systems like gases etc. This is the first book reporting exhaustively on these developments over the last decade by leaders in the field

The book will report on the major models developed mainly by the (econo-) physicists over the last decade. Almost all the major physicists and economists involved in these studies will review their latest work and the associated developments.


Econophysics Gibbs distribution Income distribution Log-normal behavior Pareto law Simulation Stochastic model calculus criticality modeling statistical analysis

Editors and affiliations

  • Arnab Chatterjee
    • 1
  • Sudhakar Yarlagadda
    • 1
  • Bikas K Chakrabarti
    • 1
  1. 1.Theoretical Condensed Matter Physics Division and Centre for Applied Mathematics and Computational ScienceSaha Institute of Nuclear PhysicsKolkataIndia

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Milan 2005
  • Publisher Name Springer, Milano
  • eBook Packages Business and Economics
  • Print ISBN 978-88-470-0329-3
  • Online ISBN 978-88-470-0389-7
  • Series Print ISSN 2039-411X
  • Series Online ISSN 2039-4128
  • Buy this book on publisher's site
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Finance, Business & Banking