Income modeling and balancing [electronic resource] : a rigorous treatment of distribution patterns / Thomas Kämpke, Franz Josef Radermacher.

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Income modeling and balancing [electronic resource] : a rigorous treatment of distribution patterns / Thomas Kämpke, Franz Josef Radermacher.

9783319132242 electronic book
3319132245 electronic book
9783319132235

Cham : Springer, 2015.

English

1 online resource (xxi, 174 pages) : illustrations (some color).

HB523

339.201/5118

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 Pikettyℓ́ℓs bestseller ℓ́ℓCapital in the Twenty-First Centuryℓ́ℓ or in the important book ℓ́ℓThe Price of Inequalityℓ́ℓ 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: ℓ́ℓ[The authors] contribute directly to the recent debates that are going on in politics. [ℓ́Œ] with this book the foundation of arguments concerning a proper balance in income distribution in the sense of identifying an ℓ́ℓefficient℗ℓinequality rangeℓ́ℓ has got an additional push from mathematics, which I appreciate very much.ℓ́ℓ

Includes bibliographical references and index.

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Online resource; title from PDF title page (SpringerLink, viewed February 20, 2015).

Lecture notes in economics and mathematical systems ; 679.

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