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On lateral thinking
Authors:Anthony B Atkinson
Institution:(1) School of Applied Economics, and Centre for Strategic Economic Studies, Victoria University, Melbourne, Australia;(2) Queensland Centre for Mental Health Research, The Park – Centre for Mental Health, Qld; and School of Population Health, The University of Queensland, Australia
Abstract:Lateral thinking led to results on the measurement of risk being applied to the problem of measuring income inequality. In this, and in other areas of economics, lateral thinking has made a significant contribution. At the same time, there are dangers. The parallel may be deceptive. The paper examines two ways in which a straightforward translation of techniques from one field to another can be misleading and one example where lateral thinking about multi-dimensional inequality has considerable promise.
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