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Econophysics as conceived by Meghnad Saha

Bikas K. Chakrabarti

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Abstract: We trace the initiative by Professor Meghnad Saha to develop a (statistical) physics model of market economy and his search for the mechanism to constrain the entropy maximized width of the income distribution in a society such that the spread of inequality can be minimized.

Date: 2018-08
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Published in Science & Culture, Vol. 84, Nov.-Dec. 2018, pp. 365-369

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