> Jim Devine > >A dynamic-disequilibrium approach of the sort I use says that Pareto >is irrelevant, even if equilibrium does play a role (as a benchmark >and/or center of gravity). Market changes regularly mean that some >people are made worse off at the same time others are made better off.
Thanks for the response Jim. What metric do YOU use for the worse off / better off claim? New question: Do you know if an economist has ever considered basing normative metrics on medical criteria (blood pressure, weight, etc.)? Jay _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
