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""Equity as a social goal" seeks to clarify the notion of equity, or fairness, as a goal of public policy. The authors ... consider what the goals of public policy ought to be, given the limitations of human nature and real world social institutions. They argue that both liberty and efficiency must be included among our social goals. While horizontal equity, or non-discriminatory treatement of equals is desirable, attempting to equalise income or material wealth is misguided. Neither income nor wealth is a good indicator of personal well-being. Redistributing to equalise income or wealth could therefore exacerbate inequality in living standards. Government redistribution aimed at achieving more equal outcomes also compromises both liberty and efficience and does little to held those truly in need. Welfare policy, based on compassion, rather than reducing measured inequality, allows society to help the less fortunate, while preserving the liberties and opportunities of all ..." -- Back cover.