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Socio-Economic Inequalities: A Statistical Physics Perspective

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Econophysics and Data Driven Modelling of Market Dynamics

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Abstract

Socio-economic inequalities are manifested in different strata of our daily life. We discuss various aspects, beginning with the evolutionary and historical origins, and discussing the major issues from the social and economic point of view. The subject has attracted scholars from across various disciplines, including physicists, who bring in a unique perspective to the field. The major attempts to analyze the results, address the causes, and understand the origins using statistical tools and statistical physics concepts are discussed.

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Acknowledgments

This mini review is a starting point of a larger material to be written up. Discussions with V.M. Yakovenko were extremely useful in planning the contents. The author thanks S. Biswas, A.S. Chakrabarti and B.K. Chakrabarti for comments, and acknowledges collaborations with F. Becattini, S. Biswas, A.S. Chakrabarti, B.K. Chakrabarti,, A. Chakraborti, S.R. Chakravarty, D. Challet, A.K. Chandra, D. DeMartino, S. Fortunato, A. Ghosh, J-I. Inoue, A. Khaleque, S.S. Manna, M. Marsili, M. Mitra, M. Mitrović, T. Naskar, R.K. Pan, P.D.B. Parolo, P. Sen, S. Sinha, Y-C. Zhang on various projects.

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Chatterjee, A. (2015). Socio-Economic Inequalities: A Statistical Physics Perspective. In: Abergel, F., Aoyama, H., Chakrabarti, B., Chakraborti, A., Ghosh, A. (eds) Econophysics and Data Driven Modelling of Market Dynamics. New Economic Windows. Springer, Cham. https://doi.org/10.1007/978-3-319-08473-2_12

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