In a theory where the cosmological constant Λ or the gauge coupling constant g arises as the vacuum expectation value, its variation should be included in the first law of thermodynamics for black holes. This becomes dE=TdS+ΩidJi+ΦαdQα+ΘdΛ, where E is now the enthalpy of the spacetime, and Θ, the thermodynamic conjugate of Λ, is proportional to an effective volume V=−16πΘD−2 "inside the event horizon." Here we calculate Θ and V for a wide variety of D-dimensional charged rotating asymptotically AdS black hole spacetimes, using the first law or the Smarr relation. We compare our expressions with those obtained by implementing a suggestion of Kastor, Ray and Traschen, involving Komar integrals and Killing potentials, which we construct from conformal Killing-Yano tensors. We conjecture that the volume V and the horizon area A satisfy the inequality R≡((D−1)V/AD−2)1/(D−1)(AD−2/A)1/(D−2)≥1, where AD−2 is the volume of the unit (D−2)-sphere, and we show that this is obeyed for a wide variety of black holes, and saturated for Schwarzschild-AdS. Intriguingly, this inequality is the "inverse" of the isoperimetric inequality for a volume V in Euclidean (D−1) space bounded by a surface of area A, for which R≤1. Our conjectured {\it Reverse Isoperimetric Inequality} can be interpreted as the statement that the entropy inside a horizon of a given "volume" V is maximised for Schwarzschild-AdS. The thermodynamic definition of V requires a cosmological constant (or gauge coupling constant). However, except in 7 dimensions, a smooth limit exists where Λ or g goes to zero, providing a definition of V even for asymptotically-flat black holes.
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