"Of the tendencies that are harmful to sound economics, the most poisonous is to focus on questions of distribution," is how Robert E Lucas – the Chicago Nobel laureate and key architect of the pro-market orthodoxy – put it in 2003.
In a blunt comment on Osborne's plan to cut tax credits, now postponed but not abandoned, he said: I paid a lot of attention to questions of distribution, to who was being affected.
Robert Lucas, a Nobel prize-winner, epitomised the orthodoxy when he wrote in 2003 that "of the tendencies that are harmful to sound economics, the most seductive and…poisonous is to focus on questions of distribution".But now the economics establishment has become concerned about who gets what.
One Chicago School economist, the Nobel Prize winner Robert E. Lucas Jr., would later write: "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution".
Nobel laureate Robert Lucas declared, "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution".
Most discussion of ethics in a public health emergency focuses on questions of distribution of available resources, and the main aim of current emergency planning is to establish a priority list to help decide who should get any available treatments first (WHO 2007).
Today, the question of distribution is being taken more seriously.
MORAN -- Do want to address the question of distribution?
The question of distribution in democratic politics isn't about splitting up jointly-produced profits.
Well, apart from the obvious bait and switch, then there's a question of distribution and proportionality.
As Mr. Stern said: "To me, the issue in America is not a question of wealth or growth, it's a question of distribution".
