How Much Inequality Is Fair?, Mathematical Principles Of A Moral, Optimal, and Stable Capitalist Society by Venkatasubramanian, Venkataraman -- Read -- Imperial Library of Trantor

Index

Cover Title Page Copyright Dedication Contents List 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

4.1 Brief History 4.2 “Molecular Society”: Microstates, Macrostates, and Multiplicity 4.3 Phase Space, Entropy, and Statistical Equilibrium

5. Fairness in Income Distribution

5.1 Complex Teleological Systems 5.2 Statistical Teleodynamics: Intrinsic and Extrinsic Properties 5.3 Phase Space in Statistical Teleodynamics 5.4 What Is the Equilibrium Income Distribution in BhuVai? 5.5 Is the Equilibrium Distribution Fair? 5.6 Entropy: Correcting the Misinterpretations 5.7 Replicator Dynamics 5.8 Is the Ideal Free Market Morally Justified? 5.9 Is the Equilibrium Income Distribution Stable? 5.10 Fairness, Stability, and Robustness of a Free-Market Society 5.11 Comparison with Walrasian General Equilibrium 5.12 Bipopulation Game 5.13 Midpoint Summary

6. Global Trends in Income Inequality: Theory Versus Reality

6.1 Comparing Theory with Reality 6.2 A New Measure of Fairness in Income Inequality: ψ 6.3 Scandinavia: Almost Utopian 6.4 Potential Loss of Growth due to Extreme Inequality 6.5 Are the Rich Different from You and Me? 6.6 Gini Coefficient versus ψ 6.7 One-Class and Two-Class Societies: Simulation Results 6.8 Summary

7. What Is Fair Pay for Executives?

8. Final Synthesis and Future Directions

Notes Bibliography Index