Difference between revisions of "Optimal Solutions"
From Critiques Of Libertarianism
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[[Category:Common Fallacies Of Economics]] | [[Category:Common Fallacies Of Economics]] | ||
[[Category:Market Failure]] | [[Category:Market Failure]] | ||
| + | [[Category:Refutation of Dogmas by Empirical Economics]] | ||
{{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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