The Paretian System

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Contents

I - The Paretian System I: Equilibrium
        (1) Introduction
        (2) Graphical Illustration: A two-sector model
        (3) A General Paretian Model

II - The Paretian System II: Efficiency
        (1) Pareto-Optimality
                 (A) Heuristics of Pareto-Optimality
                 (B) General Pareto-Optimality Conditions
        (2) The Fundamental Welfare Theorems

III - The Paretian System III: Market Failure

IV - The Paretian System IV: Social Welfare
        (1) The Social Optimum
        (2) The New Welfare Economics
        (3) Welfare Comparisons
                (A) Utility Possibilities Frontiers
                (B) The Kaldor-Hicks Criteria
                (C) Scitovsky Reversals and the Double Criteria
        (4) Bergson-Samuelson Social Welfare Functions

V - The Socialist Calculation Debate

 

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