Distribution of Income (Including Minimum Wage); Comparison of Societies as Studied by a Molecular-Dynamics Algorithm and Analytical Techniques

Stallinga, Peter (2019) Distribution of Income (Including Minimum Wage); Comparison of Societies as Studied by a Molecular-Dynamics Algorithm and Analytical Techniques. Journal of Economics, Management and Trade, 25 (2). pp. 1-12. ISSN 2456-9216

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Abstract

In this research we tried to answer the question: How to optimize the total production of economy. For finding the answer we used two postulates: First, a worker is incentivated to work if it pays off. When in the income ranking the neighbor below earns less and the one above earns more the worker will work harder and produce more. The productivity of the worker is proportional to this ’derivative’ in the income curve. (Note: a worker’s salary is not assumed necessarily proportional to his productivity). The second postulate depends on who is in control of the production process. In highly-simplified naming: In capitalism, the capital takes the decisions, in a democracy the people do, by vote. We also simulated a dictatorial system in which decisions can be imposed

Item Type: Article
Subjects: AP Academic Press > Social Sciences and Humanities
Depositing User: Unnamed user with email support@apacademicpress.com
Date Deposited: 19 Apr 2023 06:41
Last Modified: 23 Sep 2024 04:06
URI: http://info.openarchivespress.com/id/eprint/928

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