Misinterpretations of the second fundamental theorem of welfare economics: Barriers to better economic education

William D A Bryant

doi:10.1080/00220485.1994.10844816

Misinterpretations of the second fundamental theorem of welfare economics: Barriers to better economic education

William D A Bryant

Department of Economics

Research output: Contribution to journal › Article › peer-review

4 Citations (Scopus)

Abstract

Textbooks regularly interpret the second fundamental theorem of welfare economics by claiming it asserts that any desired Pareto optimum can be achieved by market prices.

Original language	English
Pages (from-to)	75-80
Number of pages	6
Journal	Journal of Economic Education
Volume	25
Issue number	1
DOIs	https://doi.org/10.1080/00220485.1994.10844816
Publication status	Published - 1994

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10.1080/00220485.1994.10844816

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Misinterpretations of the second fundamental theorem of welfare economics: Barriers to better economic education

Abstract

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