Entropy and Wealth
Demetris Koutsoyiannis & G.-Fivos Sargentis · Oct 17, 2021
The authors show that income distribution follows maximum entropy principles, linking higher entropy to greater wealth rather than disorder.
In short
The authors examined how the scientific concept of entropy evolved from a term for disorder into a mathematical tool for measuring randomness in data. They found that when applied strictly as a statistical measure, income distribution aligns with the principle of maximum entropy and actually increases alongside societal wealth. This approach offers an objective way to analyze economic inequality without relying on subjective metaphors or ideological theories about scarcity.
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- Field
- Statistical and Nonlinear Physics
- Authors
- Demetris Koutsoyiannis, G.-Fivos Sargentis
- Published
- Oct 17, 2021
- Cited by
- 33 papers
- In the glossary
- Entropy, Reverse entropy
- Kept since
- Oct 5, 2026
- How I rank it
- 2 of 5
- Found by
- The discovery feed