Atkinson framework

The Atkinson framework is an economic model used to analyze how societies distribute income among their members. It balances two key ideas: fairness (equity) and efficiency (growth). The model considers how to allocate resources so that the economy grows while also ensuring that income is shared fairly. It introduces a measure of social welfare that accounts for inequality, allowing policymakers to evaluate trade-offs between increasing overall wealth and reducing poverty or income gaps. Essentially, it helps to understand and design policies aimed at achieving a balanced and just distribution of resources while fostering economic progress.