Growth and Inequality: Understanding Recent Trends and Political Choices
By Thomas Pogge, Centre for Applied Philosophy and Public Ethics at the
Foundation for Study of Independent Ideas - Dissent.org Winter 2008
Available online at: http://dissentmagazine.org/article/?article=990
“….In current debates about the world economy, “growth is good” often appears as a truism. Growth leads to wealth, it is said, and greater wealth is surely desirable, especially for the poorer developing countries. Closer inspection, however, leads to a far more nuanced assessment.
Legend has it that there was a time when economists celebrated economic growth, regardless of its distribution. Such economists would have judged alternative economic practices and policies exclusively by their relative impact on the inflation-adjusted (per capita) social product. I am not sure such economists were ever dominant. Economists have long seen the point of income and wealth in the satisfaction of human preferences and understood that, insofar as such satisfaction increases with rising income or wealth, it does so at a declining rate.
At any rate, the legend of the growth-only economists is useful because it allows real economists to stress that they are different, that they favor pro-poor growth, growth-with-equity, or some such thing. This is crucial to their theological role of appeasing the conscience of their wealthy constituents and of reconciling rich and poor alike to the great globalization push of the last twenty-five years. If economic experts committed to equity and eradication of poverty celebrate this push and the growth it produces, how can we withhold our approval?...”
* * * *
This message from the Pan American Health Organization, PAHO/WHO, is part of an effort to disseminate
information Related to: Equity; Health inequality; Socioeconomic inequality in health; Socioeconomic
health differentials; Gender; Violence; Poverty; Health Economics; Health Legislation; Ethnicity; Ethics;
Information Technology - Virtual libraries; Research & Science issues. [DD/ IKM Area]
“Materials provided in this electronic list are provided "as is". Unless expressly stated otherwise, the findings
and interpretations included in the Materials are those of the authors and not necessarily of The Pan American
Health Organization PAHO/WHO or its country members”.
PAHO/WHO Website: http://www.paho.org/
EQUITY List - Archives - Join/remove: http://listserv.paho.org/Archives/equidad.html
IMPORTANT: This transmission is for use by the intended recipient and it may contain privileged, proprietary or confidential information. If you are not the intended recipient or a person responsible for delivering this transmission to the intended recipient, you may not disclose, copy or distribute this transmission or take any action in reliance on it. If you received this transmission in error, please notify us immediately by email to email@example.com, and please dispose of and delete this transmission. Thank you.