the Pareto efficiency

[canceled.2021.1]

http://en.wikipedia.org/wiki/Pareto_...iency_in_short



Pareto efficiency in shortAn economic system that is not Pareto efficient implies that a certain change in allocation of goods (for example) may result in some individuals being made "better off" with no individual being made worse off, and therefore can be made more Pareto efficient through a Pareto improvement. Here 'better off' is often interpreted as "put in a preferred position." It is commonly accepted that outcomes that are not Pareto efficient are to be avoided, and therefore Pareto efficiency is an important criterion for evaluating economic systems and public policies.

If economic allocation in any system is not Pareto efficient, there is potential for a Pareto improvement—an increase in Pareto efficiency: through reallocation, improvements to at least one participant's well-being can be made without reducing any other participant's well-being.

In the real world ensuring that nobody is disadvantaged by a change aimed at improving economic efficiency may require compensation of one or more parties. For instance, if a change in economic policy dictates that a legally protected monopoly ceases to exist and that market subsequently becomes competitive and more efficient, the monopolist will be made worse off. However, the loss to the monopolist will be more than offset by the gain in efficiency. This means the monopolist can be compensated for its loss while still leaving an efficiency gain to be realized by others in the economy. Thus, the requirement of nobody being made worse off for a gain to others is met. In real-world practice compensations have substantial frictional costs. They can also lead to incentive distortions over time since most real-world policy changes occur with players who are not atomistic, rather who have considerable market power (or political power) over time and may use it in a game theoretic manner. Compensation attempts may therefore lead to substantial practical problems of misrepresentation and moral hazard and considerable inefficiency as players behave opportunistically and with guile.

Copying and pasting something from Wikipedia does not prove one understands the topic. Stick to things you are an expert on like:

1) Crack smoking
2) Sucking cock to get money for crack
3) Having your kids taken away because you suck cock to get money to smoke crack

[USFREEDOM911]

This thread died a natural death, back on 3/4/11; was then Frankenstein back to life on 9/25/16, by Desh, and was put back in it's grave on 9/26/16.


Now Desh apparently found the grave, dug it up, dragged it back to her laboratory, and is desperately attempting to bring it back to life, by crap flooding her posts, AGAIN.

[evince]

https://en.wikipedia.org/wiki/Post-industrial_society


In sociology, the post-industrial society is the stage of society's development when the service sector generates more wealth than the manufacturing sector of the economy.
The term was originated by Alain Touraine and is closely related to similar sociological theoretical constructs such as post-Fordism, information society, knowledge economy, post-industrial economy, liquid modernity, and network society. They all can be used in economics or social science disciplines as a general theoretical backdrop in research design.
As the term has been used, a few common themes, including the ones below have begun to emerge.
The economy undergoes a transition from the production of goods to the provision of services.
Knowledge becomes a valued form of capital; see Human capital.
Producing ideas is the main way to grow the economy.
Through processes of globalization and automation, the value and importance to the economy of blue-collar, unionized work, including manual labor (e.g., assembly-line work) decline, and those of professional workers (e.g., scientists, creative-industry professionals, and IT professionals) grow in value and prevalence.
Behavioral and information sciences and technologies are developed and implemented. (e.g., behavioral economics, information architecture, cybernetics, game theory and information theory.)

so you claim wiki is lying about this subject?

[canceled.2021.1]

so you claim wiki is lying about this subject?

I am saying you don’t understand what you link to


If you did, you could discuss it without a link to Wikipedia.

You should stick to that which you are expert on like losing your kids due to your crack habit

[evince]

I did idiot


read the thread

[Truth Detector]

Im terrifying you huh ass leach

The only thing that is terrifying about you is your blatant ignorance and lunacy.

[Truth Detector]

This thread died a natural death, back on 3/4/11; was then Frankenstein back to life on 9/25/16, by Desh, and was put back in it's grave on 9/26/16.


Now Desh apparently found the grave, dug it up, dragged it back to her laboratory, and is desperately attempting to bring it back to life, by crap flooding her posts, AGAIN.

[canceled.2021.1]

I did idiot


read the thread

No you didn’t.

Post about things you know about. Like crack smoking

[USFREEDOM911]

No you didn’t.

Post about things you know about. Like crack smoking

Please let this thread return to it's grave and let it rest.