Laissez-faire banking and circulating media of exchange
نویسندگان
چکیده
منابع مشابه
Laissez-faire versus Pareto∗
Consider two principles for social evaluation. The first, ‘laissez-faire’, says that mean-preserving redistribution away from laissez-faire incomes should be regarded as a social worsening. This principle captures a key aspect of liberal political philosophy. The second, weak Pareto, states that an increase in each individual’s disposable income should be regarded as a social improvement. We sh...
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ژورنال
عنوان ژورنال: Journal of Financial Intermediation
سال: 1992
ISSN: 1042-9573
DOI: 10.1016/1042-9573(92)90006-y