Fundamentální koncept nerovnosti v perspektivě paretovské ekonomie

A Fundamental Concept of Inequality in the Perspective of Paretian Economics

Robin Maialeh

Politická ekonomie, 2016, vol. 2016, issue 8, 973-987

Abstract: Pareto efficiency plays the leading role throughout all branches of political economy. Frequently applied on various economic issues, Pareto efficiency decides on the optimal balance of resource distribution among economic agents. On the other hand, the current state of unequal distribution stimulates new economic researches to bring to light the relationship between market mechanism and observed inequality. The aim of the study is to provide a unique perspective on market-based inequalities which are derived from the self-preserving rationality of agents, and to prove that market mechanism inherently contains diverging forces. Additionally, it is showed that such divergences are not investigable by Pareto-optimization process; the process whose frequent misuse and misinterpretation obscures the general diverging drive of market mechanism and the process which may corrupt results of theoretical researches in the field.

Keywords: market mechanism; Pareto efficiency; inequality; self-preserving rationality (search for similar items in EconPapers)
JEL-codes: D01 D61 D63 E21 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.18267/j.polek.1121

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