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Prof. Venkatasubramanian talks about his experiences leading to the publication of his book How much Inequality Is Fair? In this article he talks about ideal income inequality, the notion of inequality being bad, his theory called "Statistical Teleodynamics", and how his career as a chemical engineer helped him understand Inequality. 

For the detailed article, please visit here.

Please join me in congratulating David Yao for his election into the National Academy of Engineering! David’s election is in recognition for "understanding of stochastic systems and their applications in engineering and service operations”.  

The NAE announcement can be found here:

http://www.nae.edu/Projects/MediaRoom/20095/130169/130172.aspx

and an article on our website can be found here:

Professor Venkat Venkatasubramanian gives a talk on Subprime, Deepwater Horizon, and Northeast Blackout: Managing Systemic Risk for a Better Tomorrow. For more details, please check out the video here.