Quotation of the Day…
by Don Boudreaux
on September 19, 2019
… is from pages 23-24 of the transcript of late John Blundell’s conversation (I think in 2000, and the audio of which is available here) with the late Peter Bauer, as this transcript appears in the 2002 volume A Tribute to Peter Bauer; these remarks are those of Bauer:
First of all, I would say we shouldn’t talk about inequalities, but differences, because difference is a neutral term, and inequality is a loaded term. Inequalities often are equated with inequity. Except this leads to the idea that the poor are poor because the rich are rich, i.e. that the rich have extracted their incomes or wealth from the poor, which is not true.
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