The social atom
by Mark Buchanan · first published 2007
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2016–2018first – last mentioned
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…extreme cases of wealth accumulation (which show a surprisingly consistent pattern across cultures) are attributable more to luck than to skill. Mark Buchanan examines this in his excellent book "The Social Atom" (pp.172-174): https://www.amazon.com/Social-Atom-Cheaters-Neighbor-Usually... A reference from that book: Jean-Philippe Bouchaud and Marc Mezard, "Wealth Condensation in a simple model of economy":…
on “The Role of Luck in Life Is Still Misunderstood” ↗…policy (taxation and public spending)... that's yet another thing. For the sake of reading I suggest (no offence intended) Managerial Economics For Dummies, The Origin Of Wealth (Eric Beinhocker), and The Social Atom (Mark Buchanan). P.S. On mobile so I've had to edit this a few times... sorry if you caught me in flux but it's great to have a chance to mention stuff that amuses me once in a while.
on “Ask HN: How to understand economics” ↗