Chapter

Welfare Economics and Inequality

Amartya Sen

in Inequality Reexamined

Published in print September 1995 | ISBN: 9780198289289
Published online November 2003 | e-ISBN: 9780191596896 | DOI: http://dx.doi.org/10.1093/0198289286.003.0007
 Welfare Economics and Inequality

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After a preamble on the choice of space (variable) and evaluative purpose, the matter of whether a person's position in terms of achievement should be judged positively (as level of achievement reached) or negatively (in terms of shortfall compared with possible maximal achievement) is addressed. It is noted that the welfare economics literature on inequality has typically overlooked human diversity in terms of this maximum potential. The rest of the chapter examines and contrasts the evaluation of inequality in terms of (1) justice and (2) welfare.

Keywords: achievement; assessment; equality; human diversity; human potential; inequality; justice; welfare economics

Chapter.  6211 words. 

Subjects: Public Economics

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