Regensburg 2007 – scientific programme

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AKSOE: Arbeitskreis Physik sozio-ökonomischer Systeme

AKSOE 3: Dynamics of Groups and Organizations II

AKSOE 3.4: Talk

Monday, March 26, 2007, 15:30–16:00, H8

Why Capitalism is so stable — •Hans Danielmeyer and Thomas Martinetz — Institute for Neuro- and Bioinformatics, University of Luebeck, Ratzeburger Allee 160, 23538 Luebeck

The distributions of incomes, expenses, and wealth are determined for a population of owners and employees assuming that both classes make their living while the output of goods and services increases over 2 orders of magnitude by investment in two storable values per capita: The value of physical capital k for production on the factory floor, and the value of human capacity h for consumption on the home floor. The acquired part of h is quantitatively provided by education. The distribution of wealth shifts and sharpens with the capitalization ratio k/h. The income distribution stabilizes at 25 to 30 per cent for the owners.The maximum consumable share of the output is reached for k/h = 4. Since West Germany and Japan passed this critical ratio in 1990, further internal growth can only be achieved with better and higher education at an investment level of 7 per cent of the GDP. Germany's level decreased from 7 in 1975 to 4 per cent in 2005. These results are obtained without any adjustable parameter because the effective lifetimes of h and k are known from the industrial society's evolution, and the working orders on the factory and home floors are provided without cost by the laws of nature and our genetic outfit, respectively.