Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Pareto optimum: A Pareto optimum is a state in which no one can be made better off without making someone else worse off. It is a state in which all resources are allocated in the most efficient way possible. See also Efficiency, Strategies._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Concept | Summary/Quotes | Sources |
|---|---|---|---|
|
Neoclassical Economics on Pareto Optimum - Dictionary of Arguments
Mause I 54f Pareto-Optimum/Neoclassical Theory: A situation in which no individual can be better off without another individual being worse off; the terms "pareto-optimal" and "efficient" are used synonymously in the total analysis. >Neoclassical economics, >Efficiency. This pareto ooptimum is the content of the first main clause of welfare economics. Ultimately, this result is the basis for the neoclassical justification of the performance or superiority of the market economy. Problem: the conditions necessary for equilibrium are never fulfilled in reality. >Equilibrium, >Equilibrium theories._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Neoclassical Economics Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
||
> Counter arguments against Neoclassical Economics
> Counter arguments in relation to Pareto Optimum
