How much inequality is fair? : mathematical principals of a moral, optimal, and stable capitalist society

목차 (Table of Contents)

• CONTENTS
• List of Tables = xi
• List of Figures = xiii
• Preface = xv
• Chapter One : Extreme Inequality in Income and Wealth = 1
• 1.1 Rise of the Top 1％ and Fall of the Bottom 90％ = 1
• 1.2 Executive Pay and High CEO Pay Ratios = 5
• 1.3 Economic Inequality : What Do People Consider Fair? = 8
• 1.4 Why Is Extreme Inequality Worrisome? = 12
• 1.5 A New Mathematical Theory of Fairness in a Capitalist Society = 16
• Chapter Two : Foundational Principles of a Fair Capitalist Society = 25
• 2.1 Philosophical Perspectives : Mill, Rawls, Nozick, and Dworkin = 25
• 2.2 A System-Theoretic Perspective = 30
• 2.3 What Is the Purpose of a Society? = 34
• 2.4 BhuVai : A Hybrid Utopian Society of Universal Happiness = 38
• Chapter Three : Distributive Justice in a Hybrid Utopia = 43
• 3.1 Income Distribution in BhuVai : Formulating the Problem = 44
• 3.2 A Microeconomic Game-Theoretic Framework : "Restless" Agents Model = 49
• 3.3 Potential Game Formulation of Free-Market Dynamics = 55
• 3.4 Is There an Equilibrium Income Distribution? = 61
• 3.5 Connection with Statistical Thermodynamics = 62
• Chapter Four : Statistical Thermodynamics and Equilibrium Distribution = 65
• 4.1 Brief History = 65
• 4.2 "Molecular Society" : Microstates, Macrostates, and Multiplicity = 67
• 4.3 Phase Space, Entropy, and Statistical Equilibrium = 69
• Chapter Five : Fairness in Income Distribution = 79
• 5.1 Complex Teleological Systems = 79
• 5.2 Statistical Teleodynamics : Intrinsic and Extrinsic Properties = 81
• 5.3 Phase Space in Statistical Teleodynamics = 82
• 5.4 What Is the Equilibrium Income Distribution in BhuVai? = 84
• 5.5 Is the Equilibrium Distribution Fair? = 86
• 5.6 Entropy : Correcting the Misinterpretations = 102
• 5.7 Replicator Dynamics = 112
• 5.8 Is the Ideal Free Market Morally Justified? = 115
• 5.9 Is the Equilibrium Income Distribution Stable? = 121
• 5.10 Fairness, Stability, and Robustness of a Free-Market Society = 123
• 5.11 Comparison with Walrasian General Equilibrium = 130
• 5.12 Bipopulation Game = 135
• 5.13 Midpoint Summary = 138
• Chapter Six : Global Trends in Income Inequality : Theory Versus Reality = 143
• 6.1 Comparing Theory with Reality = 144
• 6.2 A New Measure of Fairness in Income Inequality : ψ = 147
• 6.3 Scandinavia : Almost Utopian = 154
• 6.4 Potential Loss of Growth due to Extreme Inequality = 155
• 6.5 Are the Rich Different from You and Me? = 157
• 6.6 Gini Coefficient versus ψ = 158
• 6.7 One-Class and Two-Class Societies : Simulation Results = 162
• 6.8 Summary = 165
• Chapter Seven : What Is Fair Pay for Executives? = 169
• 7.1 Theory's Predictions for Large Corporations = 171
• 7.2 How Much of a Company's Success Is due to the Executives? = 175
• Chapter Eight : Final Synthesis and Future Directions = 191
• 8.1 Mathematical Foundations of a Utopian Capitalist Society : Maximum Fairness as the Design Principle = 192
• 8.2 Statistical Teleodynamics : Macroview = 201
• 8.3 Statistical Teleodynamics : Microview = 208
• 8.4 Significance of the Utility Function and Its Parameters = 212
• 8.5 Can a Simple Model Handle Free-Market's Complexity? = 217
• 8.6 What About Economic Growth? = 225
• 8.7 Comparison with Econophysics = 227
• 8.8 Future Directions : Theoretical and Empirical Studies = 230
• 8.9 Summary and Final Thoughts = 234
• Notes = 243
• Bibliography = 251
• Index = 267