What Do We Mean When We Talk About Inequality?
7th October 2014
Amartya Sen, the Nobel Prize-winning economist, famously argued that since everyone favors equality of one sort or another, the key question is: Equality of what? A fierce argument in the wonkosphere over income inequality illustrates the need to be clear on this point.
It’s really very simple: It means that person X has more then person Y when the speaker doesn’t think that person X deserves to have more than person Y.