Efficiency, egalitarism, stability and social welfare in economics
AbstractThe Pareto optimal concept does not concern with fairness or equality, it is a concept related to efficiency. In this paper, using techniques from the general equilibrium theory, we relate efficiency, fairness and stability of an economy.
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Bibliographic InfoPaper provided by Department of Economics - dECON in its series Documentos de Trabajo (working papers) with number 1111.
Length: 16 pages
Date of creation: Jul 2011
Date of revision:
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Fairness; efficiency; economics welfare;
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-22 (All new papers)
- NEP-EVO-2011-09-22 (Evolutionary Economics)
- NEP-HPE-2011-09-22 (History & Philosophy of Economics)
- NEP-MIC-2011-09-22 (Microeconomics)
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