In this talk, Jean-Philippe Bouchaud (Ecole normale supérieure, Capital Fund Management) introduces multiplicative growth in a simple model of an economy with exchanges and discusses the impact of re-distribution and taxation on the concentration of wealth. The talk builds on the a paper titled “Wealth Condensation in a Simple Model of Economy”, which was co-authored by Marc Mézard (Bocconi University) and first published in 2000.
