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Equity versus efficiency: the elusive trade-off

By Julian Le Grand

Abstract

The objectives of equity and efficiency appear high on most lists of the aims of welfare policy. That a welfare program should be assessed at least in part by its ability to promote equity, fairness or justice seems almost axiomatic. That a program should not at the same time create inefficiency or, indeed, that it should actually reduce it, is also a widely accepted criterion for assessment. There will, of course, be other criteria for evaluation - the impact of the program on individual liberties, for example - but none perhaps with the salience of these two

Topics: BJ Ethics, HB Economic Theory, HV Social pathology. Social and public welfare. Criminology
Publisher: University of Chicago Press
Year: 1990
DOI identifier: 10.1086/293210
OAI identifier: oai:eprints.lse.ac.uk:3990
Provided by: LSE Research Online
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