Description
Book SynopsisHow Much Inequality Is Fair? synthesizes concepts from economics, political philosophy, game theory, information theory, statistical mechanics, and systems engineering into a mathematical framework for a fair free-market society. Venkat Venkatasubramanian compares his theory’s predictions to actual inequality data and discusses its implications.
Trade ReviewVenkat Venkatasubramanian’s unusual argument, which draws on both mathematical and philosophical principles to propose a model of a fair society, is itself worthy of remark. Whether or not you agree with it, it is clearly and fairly presented. It’s one of the best books of its kind. -- Simon DeDeo, Carnegie Mellon University
A thoughtful book, with unique philosophical insights, that is refreshing for the ways in which it is different from standard economic theory. It addresses one of the major questions of our day—indeed, of the past two hundred years—and does so in a readable, thought-provoking way. -- Robert Axtell, George Mason University
Stands out in originality, interdisciplinary focus, and crisp phrasing. * Journal of Philosophical Economics *
Table of ContentsList of Tables
List of Figures
Preface
1. Extreme Inequality in Income and Wealth
2. Foundational Principles of a Fair Capitalist Society
3. Distributive Justice in a Hybrid Utopia
4. Statistical Thermodynamics and Equilibrium Distribution
5. Fairness in Income Distribution
6. Global Trends in Income Inequality: Theory Versus Reality
7. What Is Fair Pay for Executives?
8. Final Synthesis and Future Directions
Notes
Bibliography
Index
