Efficiency and Equity: A Short-Run, Short-Sighted Trade-Off

M. Teresa Lunati
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M. Teresa Lunati: Bolton Institute

Chapter 8 in Ethical Issues in Economics, 1997, pp 120-138 from Palgrave Macmillan

Abstract: Abstract The relationship between economic efficiency on the one hand and equity, fairness or income distribution on the other represents a critical economic (and social and political) issue. Indeed, it is a key issue not only for individuals’ present welfare, as it affects economic activity and performance, but also for economic growth and hence for individuals’ future welfare.

Keywords: Income Inequality; Income Distribution; Economic Efficiency; Efficiency Level; Income Equality (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37358-7_9

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DOI: 10.1057/9780230373587_9

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