[A] dollar redistributed from a rich man to a poor man detracts less utility than it adds, and therefore increases the sum total of utility.
Paul Streeten, ‘Why Development Aid?’, Banca Nazionale del Lavoro Quarterly Review, vol. 47 (1983), p. 380
[A] dollar redistributed from a rich man to a poor man detracts less utility than it adds, and therefore increases the sum total of utility.
Paul Streeten, ‘Why Development Aid?’, Banca Nazionale del Lavoro Quarterly Review, vol. 47 (1983), p. 380