ABSTRACT
This book is born out of a doubt and a dissatisfaction. The doubt comes from the existing interpretations of the efficiency/equity nexus. The prevailing opinions consider these two goals in terms of trade-off and prioritise efficiency over equity. Many believe that a better distribution of resources and opportunities among people may reduce efficiency. At the same time, many advocate that a concerted focus on efficiency will bring about the necessary resources for equity. What if the opposite were true? I suspect (along with many other authors, as we shall see) that this isn’t a one-way relationship and that efficiency can also benefit from equity.
