Efficiency = Equity and Other Musings on Economics and Sustainable Development

dc.creator	Sinner, Jim
dc.date	2017-04-01T17:59:03Z
dc.date.accessioned	2026-07-09T05:27:14Z
dc.description	Conventional wisdom says that equity concerns are beyond the scope of economic analysis and that achieving equity objectives will often come at a cost in terms of efficiency. Examination of the underlying meaning of efficiency and how it is defined, however, reveals that this tension between efficiency and equity is more apparent than real. The paper also explores the application of other economic concepts to the field of sustainable development, including the use of discounting for present value, Gross Domestic Product as a measure of well-being, and rational utility maximisation vs. bounded rationality as models of human behaviour.
dc.identifier	doi:10.22004/ag.econ.97778
dc.identifier	https://ageconsearch.umn.edu/record/97778/files/2004-6-efficiency%20equity%20and%20other%20musings.pdf
dc.identifier	http://ageconsearch.umn.edu/record/97778
dc.identifier.uri	http://hdl.handle.net/123456789/563878
dc.language	eng
dc.publisher
dc.source	http://ageconsearch.umn.edu/record/97778
dc.title	Efficiency = Equity and Other Musings on Economics and Sustainable Development
dc.type	Text

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