We have an attitude as individuals to define things as “inherently good” or “inherently bad”. And when this comes to policy indicators this is dangerous.
Shamubeel has already discussed this when thinking about the broad idea of equality, and so has Sen – although those posts were just us quoting him! However, a lot of recent discussions have been specifically on a more narrow measure, that of measures of static income inequality [think Gini coefficient, inter-quartile range, 80-20 income range, etc]. We are being told these are inherent bads which must be squashed! But does this make sense? Or is some inequality in these measures really a good thing?
Note: I read this post after writing my post. It is very good.
Bah, inequality is bad – it’s obvious
Yes, yes, the most common response I get – but you’re here now, so lets have a think about what we are doing. Read more