Concept information
Preferred term
Pareto optimality
Definition(s)
- Pareto optimality is a concept originated by the nineteenth-century marginalist economist Vilfredo Pareto. As it has come to be used throughout economics and political science, it refers to a joint social state in which no single individual's condition can be improved without detracting from one or more other individuals' conditions. [Source: Encyclopedia of Governance; Pareto Optimality]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-GFD2V6PH-7
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