In practice, true (actual) Pareto improvements are very rare; most policy analysis relies on 'potential Pareto improvements' where winners could compensate losers and still be better off—meaning the pie gets bigger even though some people may actually be made worse off.
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Speaker
Clifford WinstonEvidence Quote
“the notion of actual improvement is very very rare”
Created: 6/15/2026, 9:37:54 AM
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