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Optimization: Balancing Social Equity and Economic Efficiency

Optimization: Balancing Social Equity and Economic Efficiency

Copyright: © 2022 |Pages: 12
ISBN13: 9781668449356|ISBN10: 1668449358|ISBN13 Softcover: 9781668449363|EISBN13: 9781668449370
DOI: 10.4018/978-1-6684-4935-6.ch013
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MLA

Fred Y. Ye. "Optimization: Balancing Social Equity and Economic Efficiency." Wealth Expanding Theory Under the Principle of Efficiency-Equity Equilibrium, IGI Global, 2022, pp.223-234. https://doi.org/10.4018/978-1-6684-4935-6.ch013

APA

F. Ye (2022). Optimization: Balancing Social Equity and Economic Efficiency. IGI Global. https://doi.org/10.4018/978-1-6684-4935-6.ch013

Chicago

Fred Y. Ye. "Optimization: Balancing Social Equity and Economic Efficiency." In Wealth Expanding Theory Under the Principle of Efficiency-Equity Equilibrium. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-6684-4935-6.ch013

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Abstract

In semi-open economies, both national economy and international economy face the optimization issue for balancing social equity and economic efficiency. As real states show complicated interactions of multi-equilibria and multi-economies, the complete equilibrium states (i.e., model equations) provide ideal theoretical reference. Combining fiscal and monetary policies, it is possible to balance social equity and efficiency to approach economic optimization. Related issues are discussed in this chapter.

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