Pareto Fail

Occasionally, I happen upon people who claim that they base their economic justice views on the idea of Pareto Improvements. On this view, economic justice requires that all moves to make individuals better off must not make other individuals worse off. Those who promote this view often seem to have roughly laissez-faire capitalist preferences. In… Continue reading Pareto Fail

Regulation and private laws

Adam Ozimek wrote a piece titled “Can Regulation Create Good Jobs?” The jumping off point for the piece is the recent slate of discussion around Jimmy John’s requiring its employees to sign noncompete clauses: The latest of these [stories] involves a sandwich chain that allegedly asked its line workers to sign noncompete agreements. Such stories… Continue reading Regulation and private laws