Since the distributions of income/wealth are the results of the interaction among many heterogeneous agents, there is an analogy with statistical mechanics, where many particles interact. This similarity was noted by Meghnad Saha and B. N. Srivastava in 1931 and thirty years later by Benoit Mandelbrot. In 1986, an elementary version of the stochastic exchange model was first proposed by J. Angle. for open online view only.