Add to ORKGEfficiency is still a pervasive idea in economic literature. This paper aims to discuss the relevance of this notion. It argues that efficiency is useless in neoclassical economics - where efficiency is a necessary consequence of the postulate of full rationality - and is meaningless in a complex system view - where the means-ends framework does not apply globally. Implications for environmental economics and for ecological economics are drawn. Finally, it is pointed out that, even without efficiency, collective action can still play a major role
AbstractThe present paper is the result of the approach and research from a common perspective of tw...
In today’s world the term efficiency gained a status of an imperative at all levels of economic acti...
The notion of "opportunity cost" has been neglected in economics. The reason is that any such measur...
Efficiency is still a pervasive idea in economic literature. This paper aims to discuss the relevanc...
textabstractThe dominant economic theory, neoclassical economics, employs a single economic evaluati...
Conventional wisdom says that equity concerns are beyond the scope of economic analysis and that ach...
textabstractThe paper argues that the notion of Pareto efficiency builds on two normative assumption...
According to standard neoclassical economic theory, institutions do not matter for understanding the...
This paper shows the main limitations and difficulties in the efficiency argument of ecological mode...
The concept of efficiency plays a central role in law and economics. Yet despite its centrality, s...
Introduction. Efficiency is generally regarded as a value-neutral concept, concerned with assessing ...
In this paper, we examine the policies of the World Trade Organisation (WTO) as an example of the co...
The paper argues for the necessity of maintaining the interest for the future of the planet in a con...
Economists have expended considerable effort to develop economically meaningful definitions of the s...
Collective rationality in its ordinary sense is rationality’s extension to groups. It does not entai...
AbstractThe present paper is the result of the approach and research from a common perspective of tw...
In today’s world the term efficiency gained a status of an imperative at all levels of economic acti...
The notion of "opportunity cost" has been neglected in economics. The reason is that any such measur...
Efficiency is still a pervasive idea in economic literature. This paper aims to discuss the relevanc...
textabstractThe dominant economic theory, neoclassical economics, employs a single economic evaluati...
Conventional wisdom says that equity concerns are beyond the scope of economic analysis and that ach...
textabstractThe paper argues that the notion of Pareto efficiency builds on two normative assumption...
According to standard neoclassical economic theory, institutions do not matter for understanding the...
This paper shows the main limitations and difficulties in the efficiency argument of ecological mode...
The concept of efficiency plays a central role in law and economics. Yet despite its centrality, s...
Introduction. Efficiency is generally regarded as a value-neutral concept, concerned with assessing ...
In this paper, we examine the policies of the World Trade Organisation (WTO) as an example of the co...
The paper argues for the necessity of maintaining the interest for the future of the planet in a con...
Economists have expended considerable effort to develop economically meaningful definitions of the s...
Collective rationality in its ordinary sense is rationality’s extension to groups. It does not entai...
AbstractThe present paper is the result of the approach and research from a common perspective of tw...
In today’s world the term efficiency gained a status of an imperative at all levels of economic acti...
The notion of "opportunity cost" has been neglected in economics. The reason is that any such measur...