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Lerner's theorem (view source)

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New page: Lerner's theorem is a liberal economic proposition stating that because the marginal utility of money for each individual is unknown, society maximizes probable overall utility by ...
Lerner's theorem is a [[liberal]] economic proposition stating that because the [[marginal utility]] of money for each individual is unknown, society maximizes probable overall utility by seeking an equal distribution of income.

This was proposed by [[Abba P. Lerner]], an American economist who developed this proposition in 1944.
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