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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

Pronunciation
/ˈlɪbərəl ˈparədɒks/
/ˈlɪbərəl ˈpɛrəˌdɑks/