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Wealth, Income, Earnings And The Statistical Mechanics Of Flow Systems

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Executive Summary

This paper looks at empirical data from economics regarding wealth, earnings and income, alongside a flow model for an economy based on the general Lotka-Volterra models of Levy & Solomon. The data and modelling suggest that a simple economic system might provide a tractable model for giving an exact statistical mechanical solution for an 'Out of equilibrium' flow model. This might also include an exact mathematical definition of a 'Dissipative structure' derived from maximum entropy considerations. This paper is primarily a qualitative discussion of how such a mathematical proof might be achieved.

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