Difference between revisions of "Pareto at Melos"
From Critiques Of Libertarianism
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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=}} |