This research re-examines the relations between production, money and income and arrives at a need for reform, through a contemporary money theory, with the same foundations that endow the system of the numerical entity that measures the economy. The analysis undertaken began from the “Econophysics” observation that wealth is unequally distributed among agents in an economic system. The literature has consolidated the concept of ‘systemic entropy’ as the degree of endogenous ‘disorder’ that occurs with the succession of interactions/transactions among its elements, leading to a stabilization in equilibrium that is no longer modifiable by spontaneous perturbations, even though there is clear evidence of profound inequality in individual wealth. The contribution offered here is an in-depth investigation into the causes that have led and continue to lead to the genesis and exacerbation of these socio-economic differences, which also convey an exclusion of the less wealthy sectors of the population from the most significant transactions. This ordains the impossibility, at the current state of the art, of achieving a neg-entropic practice, which is fundamental to the evolution of organisms. The point of arrival is in the negation of the monetary structure as currently perceived and organized.
| Published in | International Journal of Economics, Finance and Management Sciences (Volume 8, Issue 4) |
| DOI | 10.11648/j.ijefm.20200804.14 |
| Page(s) | 156-167 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2020. Published by Science Publishing Group |
Econophysics, Quantum Macroeconomics, Monetary Structure, Economic Systems, Inequalities, Production, Money and Income
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APA Style
Marco Desogus, Elisa Casu. (2020). On the Monetary Causes of Inequality: A Review of the Literature and an Alternate Way Forward. International Journal of Economics, Finance and Management Sciences, 8(4), 156-167. https://doi.org/10.11648/j.ijefm.20200804.14
ACS Style
Marco Desogus; Elisa Casu. On the Monetary Causes of Inequality: A Review of the Literature and an Alternate Way Forward. Int. J. Econ. Finance Manag. Sci. 2020, 8(4), 156-167. doi: 10.11648/j.ijefm.20200804.14
AMA Style
Marco Desogus, Elisa Casu. On the Monetary Causes of Inequality: A Review of the Literature and an Alternate Way Forward. Int J Econ Finance Manag Sci. 2020;8(4):156-167. doi: 10.11648/j.ijefm.20200804.14
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Download@article{10.11648/j.ijefm.20200804.14,
author = {Marco Desogus and Elisa Casu},
title = {On the Monetary Causes of Inequality: A Review of the Literature and an Alternate Way Forward},
journal = {International Journal of Economics, Finance and Management Sciences},
volume = {8},
number = {4},
pages = {156-167},
doi = {10.11648/j.ijefm.20200804.14},
url = {https://doi.org/10.11648/j.ijefm.20200804.14},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20200804.14},
abstract = {This research re-examines the relations between production, money and income and arrives at a need for reform, through a contemporary money theory, with the same foundations that endow the system of the numerical entity that measures the economy. The analysis undertaken began from the “Econophysics” observation that wealth is unequally distributed among agents in an economic system. The literature has consolidated the concept of ‘systemic entropy’ as the degree of endogenous ‘disorder’ that occurs with the succession of interactions/transactions among its elements, leading to a stabilization in equilibrium that is no longer modifiable by spontaneous perturbations, even though there is clear evidence of profound inequality in individual wealth. The contribution offered here is an in-depth investigation into the causes that have led and continue to lead to the genesis and exacerbation of these socio-economic differences, which also convey an exclusion of the less wealthy sectors of the population from the most significant transactions. This ordains the impossibility, at the current state of the art, of achieving a neg-entropic practice, which is fundamental to the evolution of organisms. The point of arrival is in the negation of the monetary structure as currently perceived and organized.},
year = {2020}
}
TY - JOUR T1 - On the Monetary Causes of Inequality: A Review of the Literature and an Alternate Way Forward AU - Marco Desogus AU - Elisa Casu Y1 - 2020/08/19 PY - 2020 N1 - https://doi.org/10.11648/j.ijefm.20200804.14 DO - 10.11648/j.ijefm.20200804.14 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 156 EP - 167 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20200804.14 AB - This research re-examines the relations between production, money and income and arrives at a need for reform, through a contemporary money theory, with the same foundations that endow the system of the numerical entity that measures the economy. The analysis undertaken began from the “Econophysics” observation that wealth is unequally distributed among agents in an economic system. The literature has consolidated the concept of ‘systemic entropy’ as the degree of endogenous ‘disorder’ that occurs with the succession of interactions/transactions among its elements, leading to a stabilization in equilibrium that is no longer modifiable by spontaneous perturbations, even though there is clear evidence of profound inequality in individual wealth. The contribution offered here is an in-depth investigation into the causes that have led and continue to lead to the genesis and exacerbation of these socio-economic differences, which also convey an exclusion of the less wealthy sectors of the population from the most significant transactions. This ordains the impossibility, at the current state of the art, of achieving a neg-entropic practice, which is fundamental to the evolution of organisms. The point of arrival is in the negation of the monetary structure as currently perceived and organized. VL - 8 IS - 4 ER -
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