The profession in three minutes
Pareto optimality: when you can’t take someone’s shit without them giving a shit.
HT: Greg Mankiw
Update: Eric points to some good additions here. Particularly relevant to the libertarians among you.
Pareto optimality: when you can’t take someone’s shit without them giving a shit.
HT: Greg Mankiw
Update: Eric points to some good additions here. Particularly relevant to the libertarians among you.
I like Blunt Object’s additions here.
Hmm, link button didn’t work.
Here
Thanks, added it. Congratulations on making an appearance, too!