More precisely, Kaplow and Shavell (2001) have shown that the Pareto principle does not hold when the planner departs from welfarism, i.e., when the [social welfare function] does not only include the agents’ utility.
Source: wiktionary
Welfarism
Synonyms for "welfarism" (24 found)
Ranked by relevance and common usage.
Closest matches (5)
Strong matches (7)
Related words (12)
guaranteed annual incomehumanitarianismlovemedicaidmedicarephilanthropypublic assistancereliefsocial securitysocialized medicinewelfarewelfare state
Sample sentences
2 total sentences available.
So, I think we have way too much compromise, and we need to define what we believe in. We either believe in welfarism and socialism and big government, or we believe in liberty and limited government and in the Constitution.
Source: wiktionary