Bottom-Up Economics: Monetary Inequality and Principle of Survivorship

by James J Y Hsu

This book explores the economic principles of wealth disparity with use of the computer simulation by the Monte Carlo method, and shows that the underlying economic force causing wealth disparity is monetary inequality, namely, the earning power of a rich person's dollar, in a statistically averaged sense, is much greater than that of a poor person's dollar. This is consistent with the maxim that the second million is easier. The monetary inequality...

• Format: Paperback
• Language: English
• ISBN: 1798500035
• ISBN13: 9781798500033
• Release Date: March 2019
• Publisher: Independently Published
• Length: 312 Pages
• Weight: 1.01 lbs.
• Dimensions: 0.7" x 6.0" x 9.0"