Author(s)

Yasunori Fujita

Keio University, Tokyo, Japan.

The present paper is an attempt to bridge the gulf between economics and econophysics. That is, constructing a chaos-based theoretical model, we show the behavior of the goal-driven agents exhibits the behavior of the purpose-free agents. Main conclusion is: economy becomes chaos if 1) capital gain of the middle class people is large enough for them to consume eight times as much as their income gain and 2) market for the middle class people is large enough and number of the middle class people is 16 times as large as the amount of products made by one producer.

Income Inequality, Econophysics, Chaos, Logistic Map, Maximization of Profits

Fujita, Y. (2017) Income Inequality Generates Chaos. Journal of Modern Physics, 8, 547-551. doi: 10.4236/jmp.2017.84036.