Showing posts with label chance. Show all posts
Showing posts with label chance. Show all posts

Saturday, February 15, 2014

Mark Buchanan — Is inequality approaching a tipping point?


A simple simulation shows that chance alone is sufficient to account for growing inequality and that without intervening in distribution there is a tipping point beyond which a tiny cohort goes on to own everything.

The Physics of Finance
Is inequality approaching a tipping point?
Mark Buchanan