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How Much Inequality Is Fair?Mathematical Principles of a Moral, Optimal, and Stable Capitalist Society$
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Venkat Venkatasubramanian

Print publication date: 2017

Print ISBN-13: 9780231180726

Published to Columbia Scholarship Online: January 2019

DOI: 10.7312/columbia/9780231180726.001.0001

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Distributive Justice in a Hybrid Utopia

Distributive Justice in a Hybrid Utopia

(p.43) Chapter Three Distributive Justice in a Hybrid Utopia
How Much Inequality Is Fair?

Venkat Venkatasubramanian

Columbia University Press

Chapter three developments the mathematical formalism that answers the four fundamental questions raised in Chapter 1. We utilize concepts and techniques from potential game theory to prove that the ideal free market will self-organize to reach an equilibrium state when an income distribution emerges naturally. We prove that this is a Nash Equilibrium.

Keywords:   Potential games, statistical thermodynamics, entropy, Nash equilibrium, income distribution

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