Micro- and Macroeconomic Models and Optimization Procedures
The conventional economics lies on the fundamental assumption of neoclassical welfare economics according to which the primarily aim of economics is to achieve Pareto optimal conditions. Pareto optimum has two meanings: if Pareto optimum means Pareto norms, it reflects relevant conditions for econo...
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| Format: | Article |
| Language: | English |
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University of Miskolc
2013-01-01
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| Series: | Theory, Methodology, Practice |
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| Online Access: | https://ojs.uni-miskolc.hu/index.php/tmp/article/view/1442 |
| _version_ | 1827782362150207488 |
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| author | Sándor Karajz |
| author_facet | Sándor Karajz |
| author_sort | Sándor Karajz |
| collection | DOAJ |
| description |
The conventional economics lies on the fundamental assumption of neoclassical welfare economics according to which the primarily aim of economics is to achieve Pareto optimal conditions. Pareto optimum has two meanings: if Pareto optimum means Pareto norms, it reflects relevant conditions for economic policy. If Pareto optimum is linked with marginal analysis when a determined fictitious economic optimum is sought for in a perfect competition situation, it an instrument used for formal analytical analysis. According to this allocation of resources or the volume of production is optimal if there is a situation in which it is possible to make any individual better off without making someone else worse off.
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| first_indexed | 2024-03-11T15:31:15Z |
| format | Article |
| id | doaj.art-79a3bc6cb8a04df3bc5d6e8df055542c |
| institution | Directory Open Access Journal |
| issn | 1589-3413 2415-9883 |
| language | English |
| last_indexed | 2024-03-11T15:31:15Z |
| publishDate | 2013-01-01 |
| publisher | University of Miskolc |
| record_format | Article |
| series | Theory, Methodology, Practice |
| spelling | doaj.art-79a3bc6cb8a04df3bc5d6e8df055542c2023-10-27T04:13:42ZengUniversity of MiskolcTheory, Methodology, Practice1589-34132415-98832013-01-01901Micro- and Macroeconomic Models and Optimization ProceduresSándor Karajz0University of Miskolc The conventional economics lies on the fundamental assumption of neoclassical welfare economics according to which the primarily aim of economics is to achieve Pareto optimal conditions. Pareto optimum has two meanings: if Pareto optimum means Pareto norms, it reflects relevant conditions for economic policy. If Pareto optimum is linked with marginal analysis when a determined fictitious economic optimum is sought for in a perfect competition situation, it an instrument used for formal analytical analysis. According to this allocation of resources or the volume of production is optimal if there is a situation in which it is possible to make any individual better off without making someone else worse off. https://ojs.uni-miskolc.hu/index.php/tmp/article/view/1442microeconomic modelsmacroeconomic modelsoptimization proceduresalternative economics |
| spellingShingle | Sándor Karajz Micro- and Macroeconomic Models and Optimization Procedures Theory, Methodology, Practice microeconomic models macroeconomic models optimization procedures alternative economics |
| title | Micro- and Macroeconomic Models and Optimization Procedures |
| title_full | Micro- and Macroeconomic Models and Optimization Procedures |
| title_fullStr | Micro- and Macroeconomic Models and Optimization Procedures |
| title_full_unstemmed | Micro- and Macroeconomic Models and Optimization Procedures |
| title_short | Micro- and Macroeconomic Models and Optimization Procedures |
| title_sort | micro and macroeconomic models and optimization procedures |
| topic | microeconomic models macroeconomic models optimization procedures alternative economics |
| url | https://ojs.uni-miskolc.hu/index.php/tmp/article/view/1442 |
| work_keys_str_mv | AT sandorkarajz microandmacroeconomicmodelsandoptimizationprocedures |