Economists agree about efficiency. That is, they agree that it makes sense to make the economic pie as large as possible and to bake it at the lowest possible cost. But they do not agree about equity? Not really. They do not agree about what are fair shares of the economic pie for all the people who make it. The reason is that ideas about fairness are not exclusively economic ideas. They touch on politics, ethics, and religion.
All ideas about fairness can be divided into two broad groups:
1. It’s not fair if
the result isn’t fair
2. It’s not fair if
the rules aren’t fair
Which one according to you matters more?
ekoshapu 
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