Uploaded January 2011 | Updated September 2026, 1 hour ago
The Theory of the Second-Best, or the Lipsey-Lancaster Theorem at Wikipedia:
en.wikipedia.org/wiki/Theory_of_the_second_best
The Theory of the Second-Best (in Law):
legaltheorylexicon.blogspot.com/2003/11/legal-theory-lexicon-011-second.html
This is not a popular theory, because it basically says that the certainty and authority we rest our assumptions about economics, politics, and social policy is unwarranted and not at all certain to be productive (to put it diplomatically).
tl;dr: Question everything, especially if begins with "Clearly it is the case that."
The Theory of the Second-Best, or the Lipsey-Lancaster Theorem at Wikipedia:
en.wikipedia.org/wiki/Theory_of_the_second_best
The Theory of the Second-Best (in Law):
legaltheorylexicon.blogspot.com/2003/11/legal-theory-lexicon-011-second.html
This is not a popular theory, because it basically says that the certainty and authority we rest our assumptions about economics, politics, and social policy is unwarranted and not at all certain to be productive (to put it diplomatically).
tl;dr: Question everything, especially if begins with "Clearly it is the case that."
