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Money Distribution

  • Tim Gooding
Chapter

Abstract

Econophysicists have demonstrated that the physical dynamics of monetary trade systems result in a money distribution equal to 0.5 Gini coefficient. This occurs in efficient trade systems where all agents have equal ability and opportunity. The implication is that a market economy does not distribute money based on merit. The Toy Trader model is introduced, and experiments performed are designed to explore this finding and how different trade aspects might impact money distribution.

Keywords

Money Inequality Distribution Gini coefficient Complex system trade Toy Trader model Netlogo 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Tim Gooding
    • 1
  1. 1.Kingston UniversityKingston upon ThamesUK

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