By Venkat Venkatasubramanian
ISBN-10: 0231180721
ISBN-13: 9780231180726
How a lot Inequality is Fair? synthesizes principles from economics, political thought, online game concept, details conception, statistical mechanics, and platforms engineering right into a mathematical framework of a good loose marketplace society. the major to this framework is the perception that maximizing equity capability maximizing entropy, which permits one to figure out the fairest attainable point of inequality in pay. This framework offers an ethical justification for capitalism in mathematical phrases. After outlining this framework, Venkat Venkatasubramanian compares his theory’s predictions to the particular inequality info of other countries—showing, for example, that Scandinavia has near-ideal equity, whereas the us is markedly unfair—and discusses the theory’s implications for tax coverage, social courses, and govt compensation.
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How Much Inequality Is Fair?: Mathematical Principles of a Moral, Optimal, and Stable Capitalist Society by Venkat Venkatasubramanian
by Kevin
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