Inequalities for trace anomalies, length of the RG flow, distance   between the fixed points and irreversibility
  I discuss several issues about the irreversibility of the RG flow and the trace anomalies c, a and a'. First I argue that in quantum field theory: i) the scheme-invariant area Delta(a') of the graph of the effective beta function between the fixed points defines the length of the RG flow; ii) the minimum of Delta(a') in the space of flows connecting the same UV and IR fixed points defines the (oriented) distance between the fixed points; iii) in even dimensions, the distance between the fixed points is equal to Delta(a)=a_UV-a_IR. In even dimensions, these statements imply the inequalities 0 =< Delta(a)=< Delta(a') and therefore the irreversibility of the RG flow. Another consequence is the inequality a =< c for free scalars and fermions (but not vectors), which can be checked explicitly. Secondly, I elaborate a more general axiomatic set-up where irreversibility is defined as the statement that there exist no pairs of non-trivial flows connecting interchanged UV and IR fixed points. The axioms, based on the notions of length of the flow, oriented distance between the fixed points and certain "oriented-triangle inequalities", imply the irreversibility of the RG flow without a global a function. I conjecture that the RG flow is irreversible also in odd dimensions (without a global a function). In support of this, I check the axioms of irreversibility in a class of d=3 theories where the RG flow is integrable at each order of the large N expansion. 
Damiano Anselmi