Is economic inequality a universal evil?

Author:

Kapeliushnikov Rostislav I.1

Affiliation:

1. Primakov National Research Institute of World Economy and International Relations, RAS; Centre for Labour Market Studies, National Research University Higher School of Economics

Abstract

Using published estimates of inequality for two countries (Russia and USA) the paper demonstrates that inequality measuring still remains in the state of “statistical cacophony”. Under this condition, it seems at least untimely to pass categorical normative judgments and offer radical political advice for governments. Moreover, the mere practice to draw normative conclusions from quantitative data is ethically invalid since ordinary people (non-intellectuals) tend to evaluate wealth and incomes as admissible or inadmissible not on the basis of their size but basing on whether they were obtained under observance or violations of the rules of “fair play”. The paper concludes that a current large-scale ideological campaign of “struggle against inequality” has been unleashed by left-wing intellectuals in order to strengthen even more their discursive power over the public.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference10 articles.

1. Auten G., Splinter D. (2018). Income inequality in the United States: Using tax data to measure long-term trends. Washington, DC: Joint Committee on Taxation.

2. Calvo P. A., Lopez-Calva L.-F., Posad J. (2015). A decade of decli ni ng earni ngs i nequality in the Russian Federation. Policy Research Working Paper, No. WPS 7392. Washington , DC: World Bank Group.

3. CBO (2016). The distribution of household income and federal taxes, 2013. Washington, DC: Congressional Budget Office. https://www.cbo.gov/publication/51361

4. Early J. F. (2018). Reassessing the facts about inequality, poverty, and redistribution. Cato Institute Policy Analysis, No. 839. Washington , DC: Cato Institute. https://object.cato.org/sites/cato.org/files/pubs/pdf/pa-839-updated-2.pdf

5. Lindert P. H. (2017). Rise and future of progressive redistribution. CEQ Working Paper, No. 73. Tulane: CEQ Institute.

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