Get-Rich-Quick Science

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How the rich get richer

In our model, n traders interact with each other and with a central bank; they are taxed on the money they make, some of which is dissipated away by corruption. A generic feature of our model is that the richest trader always wins by ’consuming’ all the others: another is the existence of a threshold wealth, below which all traders go bankrupt. The two-trader case is examined in detail, in the ...

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How Workers Get Poor Because Capitalists Get Rich:

We develop an integrated, general equilibrium, model of how the presence of vertical ties of ‘community’ between sections of workers and sections of capitalists can critically affect the distribution of income between capitalists as a class and workers as a class, as well as between workers belonging to different communities. We show that an exogenous increase in the incomes of capitalists sets...

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ژورنال

عنوان ژورنال: Science

سال: 1993

ISSN: 0036-8075,1095-9203

DOI: 10.1126/science.259.5098.1103