J Lou@mastodon.social

J Lou@mastodon.social

J Lou@mastodon.social to

Neoliberal@lemmy.world · 4 months ago

On a fallacy in the Kaldor-Hicks efficiency-equity analysis

J Lou@mastodon.social to

Neoliberal@lemmy.world · 4 months ago

“This paper shows that implicit assumptions about the numeraire good in the Kaldor-Hicks efficiency-equity analysis involve a “same-yardstick” fallacy (a fallacy pointed out by Paul Samuelson in another context). These results have negative implications for cost-benefit analysis, the wealth-maximization (e.g., “Chicago”) approach to law and economics, and other parts of applied welfare economics”

https://www.ellerman.org/wp-content/uploads/2014/04/Kaldor-Hicks-FallacyReprint.pdf

@neoliberal

You must log in or register to comment.

Chat

Neoliberal@lemmy.world

neoliberal@lemmy.world

Create a post

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !neoliberal@lemmy.world

Woke Rainbow Capitalism (nerds)

Trains, free trade, and open borders; trans rights and taco trucks on every corner. Please read the sidebar for more information.

Community Bookmarks

FAQs
Latest discussion thread: July 2024
US Presidential Election 270 to Win Interactive Map
US Presidential Election 538 Megathread

Rules:

1. Instance Terms of Service

Comply with the Lemmy.world terms of service.

2. Civility

Refrain from name-calling, slapfights, hostility, doxxing, or any uncivil behavior that derails the quality of the conversation. A specific one of importance you might not generally expect on Lemmy or the wider fediverse, and enforced to further community health, is Do not engage in excessive partisanship.

3. Bigotry

Bigotry of any kind will be sanctioned harshly.

4. Unconstructive Engagement

Do not post with the intent to provoke, mischaracterize, or troll other users rather than meaningfully contributing to the conversation. Don’t disrupt serious discussions. Bad opinions are not automatically unconstructive.

Do not reflexively downvote just because someone has a different opinion.

Also, as a general disclaimer, keep in mind that votes on posts and comments are discoverable as they federate with other instances and that is outside the control of this community.

5. Off-topic Comments

Comments on submissions should substantively address the topic of submission.

6. Glorifying Violence

Do not advocate or encourage violence either seriously or jokingly. Do not glorify oppressive/autocratic regimes.

7. Brigading

Refrain from brigading other communities or fediverse instances, or coming from another community or fediverse instance and brigading this community. Links within the community are encouraged provided no other rules are broken.

8. Off-topic, Meta, or Duplicate Post

Submissions should be relevant to public policy or political theory. Meta posts should be posted to the discussion thread. Generally avoid editorializing submission titles.

9. Submission Quality

Low-quality or irrelevant submissions will be removed at mod discretion. This applies in particular to low-quality or repetitive memes.

10. Tag Communities and/or Users Wisely

Do not tag communities and/or users to troll, spam, or brigade.

11. Bonk-Posting/Sexual Content

Go be horny somewhere else. Do not post inappropriate content of a sexual nature. Both SFW and NSFW content can qualify. Repeat infringements can lead to bans.

12. Toxic Nationalism/Regionalism

Refrain from condemning countries and regions or their inhabitants at-large in response to political developments, mocking people for their nationality or region, or advocating for colonialism or imperialism.

Other Fediverse Communities:

We in c/Neoliberal support:

Free trade and competitive markets
Immigration
YIMBYism – ‘yes in my backyard’-ism
Carbon taxes
Internationalism and supranational governance – e.g. the EU, UN, NATO, IMF
LGBTQ+ rights
Democracy, human rights, civil liberties and due process

Neoliberals can be found in many political parties and we are not dogmatic supporters of specific parties. But we tend to find ourselves agreeing more often with parties that espouse liberal values, internationalism and centrist economics, such as the Democrats in the US, Liberal Democrats in the UK, FDP in Germany, Renaissance/MoDem in France, the Liberal Party in Canada, and so on.

News sources:

Here are some suggested news sources that we like and tend to find reliable. Please note that posts and threads are not at all limited to these sources!–

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

4 users / day
4 users / week
4 users / month
7 users / 6 months
0 local subscribers
240 subscribers
94 Posts
0 Comments
Modlog