SOCIETAL OPTIMALITY AND ECONOMY OF EFFORT

Iulian Oneasca
Additional contact information
Iulian Oneasca: European Institute of Romania, Bucharest, Romania

Journal of Financial and Monetary Economics, 2024, vol. 12, issue 1, 68-73

Abstract: The article brings forward the path to optimality, as a way to support improving society's economy of effort. The approach is pluri-methodological, based on a modified and generalised theory of social systems and focussing on Pareto optimality and Markowitz's portfolio selection. The author discusses optimality and its complementary measures and foreshadows a path to optimality in society. This originates in the constitutional amendment and the release of Buchanan's "return of increasing returns", and continues with Markowitz's quantitative method, complemented by Pareto optimality. Finally, the paper concludes, highlighting the need for a metric of socio-human energy, which would allow estimates of social wealth, well-being, and suffering.

Keywords: D70; K10; O10 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol12i1p68-73.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:12:y:2024:i:1:p:68-73

Access Statistics for this article

More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Mateescu ().