This is a linkpost for https://medium.com/@owenshen/the-ancient-god-who-rules-high-school-e0645b100ae6
Surely we can agree that competition usually leads to local maxima and not Pareto-optimal outcomes?
In reality? No, we can't.
By the way, there was a fellow named Coase who had something to say about Pareto efficiency...
Coase's Theorem is new to me (I'm not well-versed in econ or game theory), thanks for the link.
The thing I'm trying to point at is that there definitely seem to be ways to make incremental improvements in lots of systems which would be Pareto improvements.
I think that is agreeable? EX: Starting school later would likely be generally helpful for most students.