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Economics 101: Maximin Criterion | SterlingTerrell.net

Economics 101: Maximin Criterion


What is maximin criterion in economics?

Maximin Criterion says that any government should try to maximize the utility of the people that are worst-off.

This idea was developed my John Rawls in his infamous book, A Theory Of Justice.

And this idea is obviously not what a utilitarian would do.

In reality, this is more politics that economics.