Difference between revisions of "Pareto at Melos"

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{{DES | des = The first fundamental theorem of welfare economics relies on false premises, and thus doesn't say anything about the virtues of actually-existing markets.  But worse, the same optimality claims can be made on behalf of the most morally objectionable way of allocating resources, naked coercion. | show=}}
 
{{DES | des = The first fundamental theorem of welfare economics relies on false premises, and thus doesn't say anything about the virtues of actually-existing markets.  But worse, the same optimality claims can be made on behalf of the most morally objectionable way of allocating resources, naked coercion. | show=}}

Revision as of 12:37, 12 June 2018