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small-economy

A simulation of the "random exchange model" written using Elm Playground.

Everyones starts with a fixed amount of wealth W.
At each tick of the clock, two players are selected at random.
The first transfers a fixed amount T of wealth to the second.

  • What happens in the long run? Note that all players play under the same rules?

  • What happens if a tax is imposed at regular intervals and the tax revenue is divided equally and distributed to all players? (a sort of universal basic income, or social security ...)

Here is a short article on this subject.

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