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state B is Pareto inferior to state A

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  • Pareto efficiency — Pareto efficiency, or Pareto optimality, is an important concept in economics with broad applications in game theory, engineering and the social sciences. The term is named after Vilfredo Pareto, an Italian economist who used the concept in his… …   Wikipedia

  • Sir Philip Sidney game — In biology and game theory, the Sir Philip Sidney game is used as a model for the evolution and maintenance of informative communication between relatives. Developed by John Maynard Smith as a model for chick begging behavior, it has been studied …   Wikipedia

  • fascism — /fash iz euhm/, n. 1. (sometimes cap.) a governmental system led by a dictator having complete power, forcibly suppressing opposition and criticism, regimenting all industry, commerce, etc., and emphasizing an aggressive nationalism and often… …   Universalium

  • History of economic thought — The history of economic thought deals with different thinkers and theories in the field of political economy and economics from the ancient world to the present day. British philosopher Adam Smith is cited by many as the father of modern… …   Wikipedia

  • Circulation of elite — The Circulation of elite is a theory of regime change described by Italian social scientist Vilfredo Pareto (1848–1923). Changes of regime, revolutions, and so on occur not when rulers are overthrown from below, but when one elite replaces… …   Wikipedia

  • Public good — For the egalitarian terms, see Common good and Public interest. In economics, a public good is a good that is nonrival and non excludable. Non rivalry means that consumption of the good by one individual does not reduce availability of the good… …   Wikipedia

  • Outline of economics — The following outline is provided as an overview of and topical guide to economics: Economics – analyzes the production, distribution, and consumption of goods and services. It aims to explain how economies work and how economic agents interact.… …   Wikipedia

  • Modelo del Big Push — La teoría o modelo del Big Push es una propuesta en la economía del desarrollo o la economía del bienestar que afirma que todo lo que un país requiere para entrar en un periodo sostenido de Crecimiento económico autogenerado es un programa de… …   Wikipedia Español

  • Idealism (italian) and after — Italian idealism and after Gentile, Croce and others Giacomo Rinaldi INTRODUCTION The history of twentieth century Italian philosophy is strongly influenced both by the peculiar character of its evolution in the preceding century and by… …   History of philosophy

  • Marx, Karl — ▪ German philosopher Introduction in full  Karl Heinrich Marx  born May 5, 1818, Trier, Rhine province, Prussia [Germany] died March 14, 1883, London  revolutionary, sociologist, historian, and economist. He published (with Friedrich Engels)… …   Universalium

  • Countercyclical — Economics …   Wikipedia

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