V_V comments on Unemployment explanations - LessWrong

28 Post author: Stuart_Armstrong 07 November 2014 05:12PM

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Comment author: V_V 09 November 2014 05:06:52PM * 1 point [-]

That likely brings us to improvements that are non-Pareto, hence rarely addressed in classical economics.

Possibly, but it may also happen that the current issues are caused by coordination failures, which if solved could lead to Pareto improvements.

But even if there are no available Pareto improvements, it doesn't imply that this is the best of all possible worlds.