fundamental theorem of welfare economics. The game is Keynesian in that 1) markets needn't clear at equilibrium so there can be …

In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics …. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and … focus for law and economics that borrows from Robert Sugden's (2018) opportunity criterion, which holds that individuals …

built into the models of neoclassical economic theory. One of the major weaknesses of standard teachings of economics is …Neoclassical economic theory is often criticized for neglecting some essential elements in models of economic decision … that students are often exposed to sanitized and uncritical exposition of economic theory as if its ‘imaginary world models …