TY - CHAP
T1 - Socioeconomic Inequality and Prospects of Institutional Econophysics
AU - Chatterjee, Arnab
AU - Ghosh, Asim
AU - Chakrabarti, Bikas K.
PY - 2017
Y1 - 2017
N2 - Socioeconomic inequality is measured using various indices. The Gini (g) index, giving the overall inequality, is the most commonly used, while the recently introduced Kolkata (k) index gives a measure of 1 − k fraction of population who possess top k fraction of wealth in the society. This article reviews the character of such inequalities, as seen from a variety of data sources, the apparent relationship between the two indices, and what toy models tell us. These socioeconomic inequalities are also investigated in the context of man-made social conflicts or wars, as well as in natural disasters. Finally, we forward a proposal for an international institution with sufficient fund for visitors, where natural and social scientists from various institutions of the world can come to discuss, debate, and formulate further developments.
AB - Socioeconomic inequality is measured using various indices. The Gini (g) index, giving the overall inequality, is the most commonly used, while the recently introduced Kolkata (k) index gives a measure of 1 − k fraction of population who possess top k fraction of wealth in the society. This article reviews the character of such inequalities, as seen from a variety of data sources, the apparent relationship between the two indices, and what toy models tell us. These socioeconomic inequalities are also investigated in the context of man-made social conflicts or wars, as well as in natural disasters. Finally, we forward a proposal for an international institution with sufficient fund for visitors, where natural and social scientists from various institutions of the world can come to discuss, debate, and formulate further developments.
U2 - 10.1007/978-981-10-5705-2_3
DO - 10.1007/978-981-10-5705-2_3
M3 - Chapter
SN - 978-981-10-5704-5
T3 - Evolutionary Economics and Social Complexity Science
SP - 51
EP - 65
BT - Economic Foundations for Social Complexity Science
A2 - Aruka, Yuji
A2 - Kirman, Alan
PB - Springer
CY - Singapore
ER -