Economic Development as Opportunity Equalization

Economic Development as Opportunity Equalization

Economic development should be conceived of as the degree to which an economy has implemented an efficient and just distribution of economic resources. The ubiquitous measure of GDP per capita reflects a utilitarian conception of justice, where individual utility is defined as personal income, an...

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Bibliographic Details
Main Author: Roemer, John E.
Format: Journal Article
Language:en_US
Published: Oxford University Press on behalf of the World Bank 2015
Subjects:
agriculture
development policy
discounted value
disposable income
Economic Development
economic resources
economic theory
GDP
GDP per capita
income
inefficiency
m2
Pareto efficiency
redistributive taxation
tax revenues
taxation
total output
utility function
wages
wealth
Online Access:http://hdl.handle.net/10986/23538

Internet

http://hdl.handle.net/10986/23538

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