Economic Inequality: (1) Objectives and the Market System

Julian Grand and Ray Robinson
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Julian Grand: The University of Sussex
Ray Robinson: The University of Sussex

Chapter Chapter Eight in The Economics of Social Problems, 1976, pp 168-191 from Palgrave Macmillan

Abstract: Abstract In the preceding chapters we have seen that the aim of equity is often jeopardised by the existence of economic inequality. In this chapter and the next we shall examine the problem directly. By economic inequality we mean differences in individuals’ abilities to purchase goods and services, produced by the economy: what we shall term ‘differences in their purchasing power’.

Keywords: Marginal Product; Economic Inequality; Market System; Purchasing Power; Efficient Allocation (search for similar items in EconPapers)
Date: 1976
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DOI: 10.1007/978-1-349-15632-0_8

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