September 28, 2017

Is There an Ideal Amount of Income Inequality?

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.

February 05, 2015

Congratulations to Professor David Yao – election to the National Academy of Engineering

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:


and an article on our website can be found here:

Columbia Affiliations
Center for the Management of Systemic Risk (CMSR)