Efficiency, inequality, and the costs of redistribution

From Critiques Of Libertarianism
Jump to: navigation, search

Choose one of these to see this page:




"Under the Kaldor-Hicks principle an outcome is efficient if the winners could compensate the losers. They don’t actually have to do it for the new outcome to qualify as efficient. So the winners of newly opened markets don’t have to compensate the workers who have lost jobs."

Links

Nothing in this index yet.

Quotations

No quotations found in this category.