Polarization of Wealth, Saving and Terminable Currency

Ma Quanxiu; Mou Yong

doi:doi:10.11648/j.eco.20190803.11

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Polarization of Wealth, Saving and Terminable Currency

Ma Quanxiu, Mou Yong

Published in Economics (Volume 8, Issue 3)

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.

Published in	Economics (Volume 8, Issue 3)
DOI	10.11648/j.eco.20190803.11
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), 2019. 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.
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[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.

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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://article.sciencepublishinggroup.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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TY  - JOUR
T1  - Polarization of Wealth, Saving and Terminable Currency
AU  - Ma Quanxiu
AU  - Mou Yong
Y1  - 2019/07/30
PY  - 2019
N1  - https://doi.org/10.11648/j.eco.20190803.11
DO  - 10.11648/j.eco.20190803.11
T2  - Economics
JF  - Economics
JO  - Economics
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PB  - Science Publishing Group
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AB  - 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.
VL  - 8
IS  - 3
ER  -

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Author Information

Ma Quanxiu

Li Wang School District, Zhongwei, China
Mou Yong

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

Copy | Download

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

Copy | Download

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

Copy | Download

@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://article.sciencepublishinggroup.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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TY  - JOUR
T1  - Polarization of Wealth, Saving and Terminable Currency
AU  - Ma Quanxiu
AU  - Mou Yong
Y1  - 2019/07/30
PY  - 2019
N1  - https://doi.org/10.11648/j.eco.20190803.11
DO  - 10.11648/j.eco.20190803.11
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 88
EP  - 97
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20190803.11
AB  - 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.
VL  - 8
IS  - 3
ER  -

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