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Fairness

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Abstract

The issues of equity and efficiency are central aspects of most economic problems. In the political domain it often seems that concerns with equity – or at least distribution – often outweigh concerns with economic efficiency in discussion of policy alternatives. Despite this, most economic analysis has paid much more attention to issues of efficiency than to equity.

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© 2018 Macmillan Publishers Ltd.

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Varian, H.R. (2018). Fairness. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_665

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