Reducing wealth inequality in a simple statistical model of macro-economy
- Event time: 11:30am until 12:30pm
- Event date: 23rd November 2016
- Speaker: Professor Zdzislaw Burda (AGH (Krakow))
- Location: Room 2511, James Clerk Maxwell Building (JCMB) James Clerk Maxwell Building Peter Guthrie Tait Road Edinburgh EH9 3FD GB
Using an agent-based model of macro-economy
(a variant of the Bouchaud-Mezard model) we address
the issue of reducing wealth inequality through taxation.
The study is motivated by the famous book 'Capital in the
Twenty-First Century' by Thomas Piketty.
This is a roughly weekly series of didactical blackboard talks focussing on some theoretical aspect of Condensed Matter, Biological, and Statistical Physics..