Economics Dictionary of Arguments

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Allocation: Allocation in economics refers to the distribution of resources, goods, or services in an economy, often influenced by market mechanisms, government policies, or other factors. It addresses how scarce resources are assigned to meet various needs and wants.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Amartya Sen on Allocation - Dictionary of Arguments

Mause I 153
Allocation/Sen: a balanced allocation (see Allocation/Mankiw
) is desirable for its own sake, because it grants freedom to individuals.(1)
In any case, it is preferable to a centralised economy, as individuals would not be free in such an economy.
Freedom/Economy: see also Hayek 1960(2) and Friedman 1962(3)
>Freedom, >Individuals.

1. Amartya Sen, Ökonomie für den Menschen: Wege zu Gerechtigkeit und Solidarität in der Marktwirtschaft. München 2000. S. 40,140.
2. F. A. von Hayek Hrsg. [Die Verfassung der Freiheit, 4.   Aufl. Tübingen 1960] 2005.
3. Milton Friedman, Kapitalismus und Freiheit. München (1962], 2004.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconSen I
Amartya Sen
Collective Choice and Social Welfare: Expanded Edition London 2017

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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