Pareto principle and competing principles
By: Louis Kaplow.
Contributors: John M. Olin Center for Law, Economics, and Business.
Series: Discussion paper -- no. 519; Discussion paper (John M. Olin Center for Law, Economics, and Business : Online) -- no. 519.
Publisher: Harvard Law School
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "The Pareto principle, the seemingly incontrovertible dictum that if all individuals prefer some regime to another then so should society, may conflict with competing principles.  Arrow's impossibility theorem and Sen's liberal paradox are two notable examples.  Subsequent work indicates more broadly that the Pareto principle conflicts with all nonwelfarist principles.  This essay surveys these results, including various extensions thereof, and offers perspectives on the conflict, drawing on classical and contemporary work in political economy and economicpsychology"--John M. Olin Center for Law, Economics, and Business web site.
Notes: Title from PDF file as viewed on 3/19/2007.

Includes bibliographical references.

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Mode of access: World Wide Web.