Epstein Secrets

city. However, while a few contractors (including GM Hughes, Grumman, and McDonnell Douglas) have div

figures 1.1.1-3 above. This data suggests that a Maxwell-Boltzmann distribution also provides a very good

rprising, as it is known that the log- normal and the Maxwell-Boltzmann have exponential tails, and so are not

he details of income and wealth distributions have rarely been studied in mainstream theoretical economics, a notable and important exception being Champernowne. Champernowne was a highly gifted mathematician who was diverted into economics, he was the first person to bring a statistical mechanical approach

e should fit together in this way, and in fact it wasn't until many years later that the equation was independently explained at an atomic level by Maxwell and Boltzmann. Thirdly, the equations do not refer to underlying microscopic mechanisms or variables. In equation (4.7a) there are no references to

l regularity and predictability in the aggregate. The Maxwell-Boltzmann-Gibbs methods of statistical mechanics

ater in economics, this area has attracted physicists and statistical mathematicians and engineers in significant numbers since at least the work of Champernowne. The reason is simple; to a statistical physicist, economics is obviously a multi-body phenomenon. It is messy. There are millions of agents in a t

ssipative structure approach, presumably there is a negentropy flow associated with 'maintaining' the dissipative structure in its low entropy form; Maxwell's demon is continually at work narrowing the spread of the distribution. However if this negentropy flow is smaller than the entropy flow through t

distribution [Levy & Solomon 1996]. In contrast the Maxwell-Boltzmann distribution of a normal thermodynamic

lots of boundary conditions, may be simple enough to be tractable to a traditional statistical mechanical analysis on the lines of Dewar, or indeed Champernowne. Before moving into further discussion I would first like to follow the maths through a little more. I would like to do two things. Firstly I would