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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.

'''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.

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

[[category:economics]]

[[category:economics]]