Difference between revisions of "Optimal Solutions"

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[[Category:Common Fallacies Of Economics]]
 
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[[Category:Market Failure]]
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{{DES | des = There are no optimal solutions for real-world economic problems.  There are only second-best (or worse) solutions because the requirements for optimality (in markets or government) can never be met in the real world.  Sometimes markets are second best and sometimes government is second best. | show=}}
 
{{DES | des = There are no optimal solutions for real-world economic problems.  There are only second-best (or worse) solutions because the requirements for optimality (in markets or government) can never be met in the real world.  Sometimes markets are second best and sometimes government is second best. | show=}}
 
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Latest revision as of 19:43, 28 April 2017