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Inequality and Equity - Economics of Greed, Politics of Envy, Ethics of Equality (Hardcover, New)
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Inequality and Equity - Economics of Greed, Politics of Envy, Ethics of Equality (Hardcover, New)
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Attempting to explain increased income inequality and decreased
productivity growth, this book considers distribution not just in
terms of income but also in terms of education and health care: two
long-term determinants of income. Reviewing partial explanations,
it notes the conflict between claims of rapid technological change
and decreased productivity growth and shows the limited impact of
policies affecting income redistribution. Although education and
health care have become more equally distributed, the work notes,
higher educational attainment has had a minimal effect on
occupational distribution, and with improved access to medical
care, the disparity between the health of the poor and the rest of
the population has not decreased. In conclusion, the work notes
that attitudes toward income inequality differ from attitudes
toward inequality in education and health care. Attitudes toward
income inequalty accept a floor but no ceiling; whereas equal
access to education, qualified by ability, and access to health
care based on need are generally accepted.
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