EAN: 9783319132235

INCOME MODELING AND BALANCING - THOMAS KÄMPKE F...

¿This book presents a rigorous treatment of the mathematical instruments available for dealing
with income distributions  in particular Lorenz curves and related methods. The methods
examined allow us to analyze  compare and modify such distributions from an economic and social
perspective. Though balanced income distributions are key to peaceful coexistence within and
between nations  it is often difficult to identify the right kind of balance needed  because
there is an interesting interaction with innovation and economic growth. The issue of justice 
as discussed in Thomas Piketty¿s bestseller ¿Capital in the Twenty-First Century¿ or in the
important book ¿The Price of Inequality¿ by Nobel laureate Joseph Stiglitz  is also touched on.
Further  there is a close connection to the issue of democracy in the context of globalization.
One highlight of the book is its rigorous treatment of the so-called Atkinson theorem and some
extensions  which help to explain under which type of societal utility functions nations tend
to operate either in the direction of more balance or less balance. Finally  there are some
completely new insights into changing the balance pattern of societies and the kind of
coalitions between richer and poorer parts of society to organize political support in
democracies in either case. Oxford University's Sir Tony Atkinson  well known for his so-called
Atkinson theorem  writes in his foreword to the book: ¿[The authors] contribute directly to the
recent debates that are going on in politics. [¿] with this book the foundation of arguments
concerning a proper balance in income distribution in the sense of identifying an ¿efficient
inequality range¿ has got an additional push from mathematics  which I appreciate very much.¿

Aktuelle Preise zur EAN 9783319132235

Produktinformationen zur 9783319132235