It’s an old question still in search of an answer. Why does inequality in wealth distribution repeat itself so consistently from country to country? New research suggests that network effects may be more in play here than the backgrounds and talents of citizens. It also suggests we may reach a tipping point where just a few citizens control most of the wealth. Should public policy play a role?
Content: Article
Author: Mark Buchanan
Source: Harvard Business School (HBS) Working Knowledge
Subject: Economics
Author: Mark Buchanan
Source: Harvard Business School (HBS) Working Knowledge
Subject: Economics
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among other things, discusses the work of physicists Jean-Philippe Bouchaud and Marc Mézard of the University of Paris