Tag: Pareto optimality

Optimality—The Mainstream Economist’s Holy Grail »

In discussing the economy and especially economic policy, mainstream economists have been in love with optimality for a century or so. They have built many mathematical models from which they have derived conditions related to optimal tariffs, optimal population, optimal money supply, optimal taxation, optimal subsidies, and so forth. Indeed, for talking about the…
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  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org