Properties of Inequality Metrics
In the economic literature on inequality four properties are generally postulated that any measure of inequality should satisfy:
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“The reason why men enter into society, is the preservation of their property; and the end why they choose and authorize a legislative, is, that there may be laws made, and rules set, as guards and fences to the properties of all the members of the society: to limit the power, and moderate the dominion, of every part and member of the society.”
—John Locke (1632–1704)
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—Ralph Waldo Emerson (1803–1882)
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—Anton Pavlovich Chekhov (1860–1904)