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

In: Ethical Issues in Economics

Author

Listed:
  • M. Teresa Lunati

    (Bolton Institute)

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.

Suggested Citation

  • M. Teresa Lunati, 1997. "Efficiency and Equity: A Short-Run, Short-Sighted Trade-Off," Palgrave Macmillan Books, in: Ethical Issues in Economics, chapter 8, pages 120-138, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37358-7_9
    DOI: 10.1057/9780230373587_9
    as

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