liberal paradox
in economic theory, the claim that no social system can simultaneously ① be committed to a minimal sense of freedom, ② always result in Pareto efficiency, and ③ be capable of functioning in any society
en-GB/ˈlɪbəɹəl ˈpæɹədɒks/
in economic theory, the claim that no social system can simultaneously ① be committed to a minimal sense of freedom, ② always result in Pareto efficiency, and ③ be capable of functioning in any society