Economics

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Polarization of Wealth, Saving and Terminable Currency

Received: 23 June 2019    Accepted: 12 July 2019    Published: 30 July 2019
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Abstract

Extreme polarization of wealth, a prominent issue occurring in the long human history characterized by the rule of emperor, remains a serious problem in a very few nations. The modern times have seen how the worsening rich-poor divide led to the breaking out of the two world wars and a series of social problems. In some sense, rich-poor divide results in the deterioration of human nature, and is the source of all kinds of social problems. This study provides a definition of polarization of wealth, conducts an analysis of how people’s continuous saving behavior contributes to the increase in income disparity, and suggests that currency, as a universal equivalent, should be given a certain time limit, so as to ensure a check on people’s constant saving conduct, prevent the limitless amassing of wealth and help solve the issue of wealth polarization.

DOI 10.11648/j.eco.20190803.11
Published in Economics (Volume 8, Issue 3, September 2019)
Page(s) 88-97
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Polarization of Wealth, Operation Mode of the New Economy, Saving, Terminable Currency

References
[1] Peng Mengxia & Dong Bingnan (2012). Study on the Relationship between the Rural Residents Savings Rate and the Income Gap between Urban and Uural Areas in China: An Empirical Analysis Based on Chinese Data 1985—2010 [J]. Contemporary Economics, vol. 15, pp. 76-77.
[2] Jin Ye, Li Hongbin and Wu Binzhen (2011). The income Gap and Social Status Exploration: A Cause of High Saving Rate [J]. Economics (quarterly), vol. 3, pp. 887-912.
[3] Yang Miaoshu & Tan Huaqing (2011). An Aging Population, Family Structure and Savings Rate: in the Context of Serious Urban-rural Income Gap [J]. Entrepreneurial Studies, vol. 8, pp. 137-138.
[4] Wang Xiaolu (2007). Serious Income Gap: Internal Cause of Insufficient savings and Excess Consumption. China Opening Herald, vol. 5, pp. 34-36.
[5] Yang Xufei (2009). Research on the Influence Factors of Bank Deposits in China: Saving Effect Analysis Arising from Income Gap [J]. Journal of Graduate Students of Zhongnan University of Economics and Law, vol. 6, pp. 62-69.
[6] Cheng Ying (2007). Discuss on the Relationship between High Savings Rate and the Gap of Income Distribution [J]. China Price, vol. 11, pp. 51-53.
[7] Han Xiaoyan (2010). Research the Relationship between High Saving Rate and Widening Urban-rural Income Gap [J]. Management Supervisors, vol. 22, pp. 2, 9.
[8] Song Yunxing (2015). Income Gap and Saving: Analysis Based on OECD National Panel Data. Financial Theory & Practice, vol. 12, pp. 8-11.
[9] The English Version of The Gamoos Qur'an. Qur'an 9:34.
[10] The English Version of The Gamoos Qur'an. Qur'an 9:35.
[11] The English Version of The Gamoos Qur'an. Qur'an 4:5.
[12] The English Version of The Gamoos Qur'an. Qur'an 42.17.
[13] The English Version of The Gamoos Qur'an. Qur'an 30:8.
Author Information
  • Li Wang School District, Zhongwei, China

  • Anhui University of Science and Technology, Huainan, China

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  • APA Style

    Ma Quanxiu, Mou Yong. (2019). Polarization of Wealth, Saving and Terminable Currency. Economics, 8(3), 88-97. https://doi.org/10.11648/j.eco.20190803.11

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    ACS Style

    Ma Quanxiu; Mou Yong. Polarization of Wealth, Saving and Terminable Currency. Economics. 2019, 8(3), 88-97. doi: 10.11648/j.eco.20190803.11

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    AMA Style

    Ma Quanxiu, Mou Yong. Polarization of Wealth, Saving and Terminable Currency. Economics. 2019;8(3):88-97. doi: 10.11648/j.eco.20190803.11

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  • @article{10.11648/j.eco.20190803.11,
      author = {Ma Quanxiu and Mou Yong},
      title = {Polarization of Wealth, Saving and Terminable Currency},
      journal = {Economics},
      volume = {8},
      number = {3},
      pages = {88-97},
      doi = {10.11648/j.eco.20190803.11},
      url = {https://doi.org/10.11648/j.eco.20190803.11},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.eco.20190803.11},
      abstract = {Extreme polarization of wealth, a prominent issue occurring in the long human history characterized by the rule of emperor, remains a serious problem in a very few nations. The modern times have seen how the worsening rich-poor divide led to the breaking out of the two world wars and a series of social problems. In some sense, rich-poor divide results in the deterioration of human nature, and is the source of all kinds of social problems. This study provides a definition of polarization of wealth, conducts an analysis of how people’s continuous saving behavior contributes to the increase in income disparity, and suggests that currency, as a universal equivalent, should be given a certain time limit, so as to ensure a check on people’s constant saving conduct, prevent the limitless amassing of wealth and help solve the issue of wealth polarization.},
     year = {2019}
    }
    

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