Psychohistorian comments on Human values differ as much as values can differ - Less Wrong

13 Post author: PhilGoetz 03 May 2010 07:35PM

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Comment author: Psychohistorian 04 May 2010 04:48:18PM 2 points [-]

Indeed. Pareto optimality is a necessary condition for an "ideal" society. Economists often make the mistake of thinking pareto optimality is a sufficient condition for this, which it is not: it's pareto optimal if I have everything and don't much want to part with any of it.