Chibba and Luiz.pdf (11.58 MB)
Inequality: concepts, data, perspectives and solutions
journal contribution
posted on 2023-06-07, 06:30 authored by Michael Chibba, John Da Silva LuizJohn Da Silva LuizA comprehensive treatise on inequality from economic, social, business and metrics/data perspectives is lacking in the literature and this treatise fills that void. We posit that: (a) neoclassical economics has failed to address inequality within nations; (b) the social theories on inequality are of ancillary importance; (c) businesses have contributed to inequality in several ways but have also made a positive contribution towards a fairer, more equitable society; (d) data on inequality is not up to date. Taxation and social programs offer an inadequate approach to tackling inequality without a proper framework and supporting approaches. In addition, complementarity between neoclassical economics and behavioural economics would be a positive factor in addressing inequality and should be pursued. Issues of inequality metrics and data reliability have moved to the forefront of discussions as the data currently available is the basis of much dissent. Robust metrics and reliable and up to date inequality data (as well as related statistics) are indispensable for designing, implementing, monitoring, and evaluating inequality interventions and policies.
History
Publication status
- Published
File Version
- Published version
Journal
World EconomicsISSN
1468-1838Publisher
Economic and Financial PublishingIssue
1Volume
20Page range
1-54Department affiliated with
- Strategy and Marketing Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2019-04-16First Open Access (FOA) Date
2019-05-07First Compliant Deposit (FCD) Date
2019-04-15Usage metrics
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