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Kaldor-Hicks Petitio Principii Fallacy

October 4, 2023 by admin

This paper shows that implicit assumptions about the numeraire good in the Kaldor–Hicks efficiency–equity analysis involve a ‘‘same-yardstick’’ fallacy (a fallacy pointed out by Paul Samuelson in another context), a special case of the Petitio Pricipii fallacy.

Filed Under: Main Blog, Mathematics Tagged With: cost-benefit analysis, Economic Theory, Fatal Flaws, law and econoimics

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