most citedPiketty's second fundamental law of capitalism as an emergent property in a kinetic wealth-exchange model of economic growth

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q-fin.GN2019★ 1 cited

Piketty's second fundamental law of capitalism as an emergent property in a kinetic wealth-exchange model of economic growth

D. S. Quevedo, C. J. Quimbay

We propose in this work a kinetic wealth-exchange model of economic growth by introducing saving as a non consumed fraction of production. In this new model, which starts also from…