(read it and weep) ***Pareto Distributions are a Consequence of Nash Equilibrium

(read it and weep)

***Pareto Distributions are a Consequence of Nash Equilibriums***

You cannot create Nash equilibriums and Pareto distributions if you attempt to create Pareto distributions (involuntary redistributions) at the expense of Nash equilibriums.

Nash equilibriums (pairing off = voluntary exchanges = sovereignty.)

Pareto Distributions (80/20,80/20,80/20….) result from sovereignty, voluntary exchanges, desirability(oppy), ability(utility), and knowledge(advantage).

Pareto distributions without sovereignty and pairing off, can only be constructed by authority (violence). And these are…. not constructed by voluntary exchange, desirability, ability, and knowledge, but by corruption, nepotism, and favoritism.

We can produce Pareto distributions by creating nash equilibriums if we charge fees for market transactions (taxes).

But the question then becomes why should that revenue from the production of Pareto distributions using nash equilibriums made necessary by sovereignty and its institutions: natural, judge discovered, common, law, be allocated by monopoly rather than market decisions?

This is the question. Why must we, in a mixed economy, rely upon the monopoly provision of commons under majoritarian democracy, rather than the market provision of commons under a multi-house market for commons limited by juridical dissent?


Source date (UTC): 2016-09-28 06:56:00 UTC

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *