Inequality and Inefficiency

Pranab Bardhan

Chapter 39 in Handbook on Economics of Discrimination and Affirmative Action, 2023, pp 897-903 from Springer

Abstract: Abstract In this chapter, we consider several reasons why inequality can have serious inefficiency consequences even from the narrow point of view of economists, belying their traditional dogma of equality-efficiency trade-off. Inequality is thus not just ethically distasteful; it can be economically harmful, even ignoring problems of absolute poverty.

Keywords: Equality-efficiency trade-off; Fairness; Inequality of opportunity; Cooperation (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-4166-5_46

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DOI: 10.1007/978-981-19-4166-5_46

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