We examine economic inequality within the agent-based model of a capitalist economy, the Social Architecture of Capitalism, developed by Ian Wright [1]. The model considers three types of agents (capitalists, workers, and the unemployed) and is based on a set of simple stochastic rules. Starting with an egalitarian distribution, the system self-organizes into two distinct economic classes: capitalists and workers/unemployed. The outcomes of simulations mirror key macroeconomic patterns observed in real-world economies, including the Boltzmann-Pareto shape of income and wealth distributions. Through simulations, we explore how various model parameters, such as total wealth, population size, and wage range, affect the resulting distributions and social stratification [2].
[1] I. Wright, The social architecture of capitalism, Physica A 346, 589 (2005).
[2] J. S. Borba, S. Gonçalves, and C Anteneodo, Inequality in a model of capitalist economy, arXiv:2410.22369 (2024)
Presential in the seminar room. Zoom stream:
https://us06web.zoom.us/j/98286706234?pwd=bm1JUFVYcTJkaVl1VU55L0FiWDRIUT09
Coffee and cookies will be served 15 minutes before the start of the seminar
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