Entropic Origin of the Probability Distributions of Money, Income, and . . . .
MAY 12, 2014 | 5:00 PM TO 6:30 PM
The Graduate Center
365 Fifth Avenue
May 12, 2014: 5:00 PM-6:30 PM
Free - Refreshments served at 4:30 PM
Physics Program, Economics Program, Mathematics Program and the Luxembourg Income Study Center
Analysis shows that income distributions in the USA, European Union, and other countries exhibit a well-defined two-class structure. The majority of the population (about 97%) belongs to the lower class. Analysis of energy consumption shows decreasing inequality in agreement with the maximal entropy principle.
The latter topic was featured on Brian Lehrer's TV show at
http://www.cuny.tv/show/brianlehrer/PR2002638 (around 40 minutes).
All papers are available at