What Is Pareto Optimality?

What Is Pareto Optimality?

Pareto optimality is a concept of efficiency promoted by Italian sociologist and economist Vilfredo Pareto. Also known as Pareto efficiency, it has been used in the social sciences such as economics and political science, as well as in moral philosophy and ethics. Note that Pareto used the concept in his studies of economic efficiency and […]

Brexit: Why UK Left the European Union?

Brexit: Why UK Left the European Union?

What is Brexit? Why did the majority of the people in the United Kingdom vote to leave the European Union? Why U.K. left the EU? This article provides a quick guide to understanding Brexit and the arguments against EU membership. Brexit Simplified: Reasons Why the United Kingdom Left the European Union 1. Several politicians and economist […]

International Relations: Theories

International Relations: Theories

The following is the list and corresponding descriptions of the major theories of international relations: 1. Realism: A theory of international relations stating that there is an innate disorder in the international system and the relations among international actors are chaotic due to incessant tussle for power and security. 2. Liberalism: Contradicting the theory of […]