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Article: From income inequality to economic inequality.
- Article from:
- Southern Economic Journal
- Article date:
- October 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 Southern Economic Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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1. Introduction
I begin by recounting a true story - a rather trivial and innocuous story, as it happens, but one with something of a lesson. Some years ago, when I went to give a lecture at another campus, I chose "Economic Inequality" as the title of my talk. On arrival, I found the campus covered with posters announcing that I was speaking on "Income Inequality." When I grumbled about it slightly, I encountered gentle, but genuine, amazement that I wanted to fuss about such "an insignificant difference." Indeed, the identification of economic inequality with income inequality is fairly standard, and the two are often seen as effectively synonymous in the economic ...