Difference between revisions of "Pareto at Melos"
From Critiques Of Libertarianism
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| − | {{DES | des = | + | {{DES | des = Pareto optimality claims can be made on behalf of the most morally objectionable way of allocating resources, naked coercion. And the first fundamental theorem of welfare economics relies on false premises, and thus doesn't say anything about the virtues of actually-existing markets. | show=}} |
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