Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 20, 2009 erstellt
Description:
This essay outlines the exact definition of “Equality” and “Inequality” in economics. The discussion moves forward to review concepts of ranking of orderings and methodology of constructing Indices of Inequality with an emphasis on Lorenz Orderings. We also discuss the possibility of comparing between two distributions (i.e. two Lorenz Curves/Orderings), and extend the analysis to analyse the ambiguity of comparisons when the case when Lorenz curves intersect