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Peter Valentinovich Turchin (born 22 May 1957) is a Russian-American complexity scientist, specializing in an area of study he and his colleagues developed called —mathematical modeling and statistical analysis of the dynamics of historical societies. He is currently Editor-in-Chief at Cliodynamics: The Journal of Quantitative History and Cultural Evolution. As of 2020, he is a director of the .
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What does the wealth pump do on the elite side..? Declining relative wages of workers set up this wealth pump that transfers wealth from workers to the economic elites... [A]s a result... a larger fraction of GDP goes to... the economic elites, which are both capital holders and top layers of administration of corporations (corporate officers). ...[T]his creates a favorable economic conjuncture for the economic elites and results in higher rates of upward social mobility. Elite numbers, as a result... grow and so does their consumption levels.
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