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.
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© 1997 M. Teresa Lunati
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Lunati, M.T. (1997). Efficiency and Equity: A Short-Run, Short-Sighted Trade-Off. In: Ethical Issues in Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9780230373587_9
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DOI: https://doi.org/10.1057/9780230373587_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39915-4
Online ISBN: 978-0-230-37358-7
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)