Micro- and Macroeconomic Models and Optimization Procedures
AbstractThe conventional economics lies on the fundamental assumption of neoclassical welfare economics according to which the primarily aim of economics is to achieve Pareto optimal conditions. Pareto optimum has two meanings: if Pareto optimum means Pareto norms, it reflects relevant conditions for economic policy. If Pareto optimum is linked with marginal analysis when a determined fictitious economic optimum is sought for in a perfect competition situation, it an instrument used for formal analytical analysis. According to this allocation of resources or the volume of production is optimal if there is a situation in which it is possible to make any individual better off without making someone else worse off.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Faculty of Economics, University of Miskolc in its journal Theory Methodology Practice (TMP).
Volume (Year): 9 (2013)
Issue (Month): 01 ()
Find related papers by JEL classification:
- F01 - International Economics - - General - - - Global Outlook
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.