Volume 8, Issue 4, August 2020, Page: 156-167
On the Monetary Causes of Inequality: A Review of the Literature and an Alternate Way Forward
Marco Desogus, Department of Economics and Business Science, University of Cagliari, Cagliari, Italy
Elisa Casu, Unifidi Sardegna, Cagliari, Italy
Received: Jul. 27, 2020;       Accepted: Aug. 10, 2020;       Published: Aug. 19, 2020
DOI: 10.11648/j.ijefm.20200804.14      View  172      Downloads  81
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.
Keywords
Econophysics, Quantum Macroeconomics, Monetary Structure, Economic Systems, Inequalities, Production, Money and Income
To cite this article
Marco Desogus, Elisa Casu, On the Monetary Causes of Inequality: A Review of the Literature and an Alternate Way Forward, International Journal of Economics, Finance and Management Sciences. Vol. 8, No. 4, 2020, pp. 156-167. doi: 10.11648/j.ijefm.20200804.14
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Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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