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DBpedia 2016-04

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Matches in DBpedia 2016-04 for { ?s ?p "The liberal paradox, also Sen paradox or Sen's paradox, is a logical paradox discovered by Amartya Sen which purports to show that no social system can simultaneously be committed to a minimal sense of freedom, always result in a type of economic efficiency known as Pareto efficiency, and be capable of functioning in any society whatsoever.This paradox is contentious because it appears to contradict the classical liberal claim that markets are both efficient and respect individual freedoms. If, as Sen claims, classical liberalism means Pareto efficiency by the word efficiency, there is a paradox, then this liberal claim cannot be true.The paradox is similar in many respects to Arrow's impossibility theorem and uses similar mathematical techniques."@en }

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