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Pareto inefficiency

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  • political philosophy — Branch of philosophy that analyzes the state and related concepts such as political obligation, law, social justice, and constitution. The first major work of political philosophy in the Western tradition was Plato s Republic. Aristotle s… …   Universalium

  • Lange Model — The Lange Model is an economic model which combines public ownership and a trial and error approach to determine output and equilibrium. The state owns non labor factors of production and consumer goods are allocated by market. In economic theory …   Wikipedia

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