#10
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Re: 2007 Nobel Prize for Economics winner on free markets
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The moral implications makes PVN's case all the stronger. if no persons preference is bgetter than any others than the only correct number can be the number that is arrived at through voluntary transactions between consenting people with no outside influences forcing them to do one thing or another. [/ QUOTE ] The standard condition for optimal provision of public goods uses the pareto concept. Which in a nutshell is entirely based upon the premise of purely voluntary transactions. |
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