One widely discussed conflict of values, in addition to uncertain positive relationships, is a conflict between equality and productive efficiency, which is what the late Arthur Okun called ‘the big trade-off’. In the interests of exposition, I shall defer to Chapters 15 and 16 some of the problems associated with the concept of ‘equality’.
CITATION STYLE
Beckerman, W. (2017). Fact and Value in Public Policy: Three Examples. In Economics as Applied Ethics (pp. 53–62). Springer International Publishing. https://doi.org/10.1007/978-3-319-50319-6_6
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