Write a 200 to 250 word summary of this chapter. Be sure you capture the main ideas. (But don't go over the word limit -- the point is to try to write the summary.)
There are many ways to measure income inequality across society, and none of them alone give a complete picture of the variation in standard of living. Several political philosophies have developed in response to the question of what the government should do about inequality. However, policies intended to create more equality can sometimes alter behavior in a way that creates less efficiency.
There are many ways to measure income inequality across society, and none of them alone give a complete picture of the variation in standard of living. Several political philosophies have developed in response to the question of what the government should do about inequality. However, policies intended to create more equality can sometimes alter behavior in a way that creates less efficiency.
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