An Analysis of Economic Size Distributions

Preface.- Background and Summary.- 1 Introduction.- 1.1 The log normal distribution.- 1.2 The Pareto distribution.- 1.3 Randomness and economic markets.- 1. 4- A more precise presentation.- 1.5 The derivation of an equilibrium distribution by maximizing entropy.- 1.6 Conclusions.- 1 Equilibrium.- 2 Some Equilibrium Conditions for Statistical Markets.- 2.1 A formulation considering explicit market transactions.- 2.2 More general formulations.- 2.2a Constrained maximization.- 2.2b Dividing society into systems.- 2.3 The information theory approach.- 2.4- Conclusions.- 2.5 Appendix.- 3 Size Distributions of Income.- 3.1 The consumption function.- 3.2 Empirical tests.- 3.3 Conclusions.- 4 The Functional Distribution of Income.- 4.1 Neo-classical theory.- 4.2 Neo-Keynesian theory.- 4.3 Derivation of the functional distribution of income.- 4.4 Conclusions.- 5 Size Distributions and the Optimal Size of Firms.- 5.1 The theory of the firm and size distributions.- 5.2 Some basic facts about the method of analysis.- 5.3 The relation between profit and size.- 5.4 The Pareto distribution.- 5.5 Some data.- 5.6 A relation between the size distributions of income and firms.- 5.7 Conclusions.- 2 Disequilibrium.- 6 The Analysis of Disequilibrium Markets.- 6.1 The equilibrium situation.- 6.2 Disequilibrium.- 6.3 Conclusions.- 7 Economic Growth and Distribution.- 7.1 The origin of growth.- 7.2 An assumption about the transfer of income.- 7.3 Conclusions.- 8 Distribution — Inflation — Unemployment.- 8.1 The background.- 8.2 Inflation and unemployment.- 8.3 Concluding discussion.- 9 Final Remarks.- References.