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On the Convergence of Efficiency and Equity via Neoclassical Prescriptions

Published online by Cambridge University Press:  02 January 2018

William Ascher
William Ascher*
Affiliation:
Center for International Development Research at Duke University
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Extract

The most exciting prospect in Latin American political economy and public policy is the possibility of pursuing the objectives of equity and efficiency through the same neoclassical policy instruments. In light of conventional views, this convergence is remarkable, perhaps even shocking. We often juxtapose efficiency and equity, along with the ideological positions associated with each. It is common to link Leftist political approaches both to statism and to progressive income distribution, thereby linking statism to progress.

Type
Research Article
Information
Journal of Interamerican Studies and World Affairs , Volume 31 , Issue 1-2: Special Issue: Latin America at the Crossroads: Major Public Policy Issues , Spring/Summer 1989 , pp. 49 - 62
Copyright
Copyright © University of Miami 1989

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