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What Kinds of Economic Inequality Really Matter?

In: Perspectives on Economic Development and Policy in India

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  • Thomas E. Weisskopf

    (University of Michigan)

Abstract

The chapter discusses the major reasons why economic inequality should be a source of concern and the forms of inequality that are principally implicated. It considers ten different arguments as to why inequality matters—two of them moral, two political, three economic, and three social. In each case it discusses the economic variable(s) whose unequal distribution is at issue, whether economic class inequality or ethnic group inequality is most salient, and what part(s) of the unequal distribution are the most problematic—i.e., is the problem primarily poverty at the lower end, privilege at the upper end, bipolarization, or the entire distribution?

Suggested Citation

  • Thomas E. Weisskopf, 2017. "What Kinds of Economic Inequality Really Matter?," India Studies in Business and Economics, in: K.L. Krishna & Vishwanath Pandit & K. Sundaram & Pami Dua (ed.), Perspectives on Economic Development and Policy in India, chapter 0, pages 83-103, Springer.
    • Handle: RePEc:spr:isbchp:978-981-10-3150-2_4
    DOI: 10.1007/978-981-10-3150-2_4
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    Keywords

    Political economy; Economic inequality;

    JEL classification:

    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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