Editing Pareto efficiency (section)

== Common misconceptions ==
It would be incorrect to treat Pareto efficiency as equivalent to societal optimization,<ref>[[Jacques Drèze|Drèze, J.]], ''Essays on Economic Decisions Under Uncertainty'' ([[Cambridge]]: [[Cambridge University Press]], 1987), [https://books.google.com/books?id=LWE4AAAAIAAJ&pg=PA358 pp.&nbsp;358–364].</ref> as the latter is a [[normative]] concept, which is a matter of interpretation that typically would account for the consequence of degrees of inequality of distribution.<ref>Backhaus, J. G., ''The Elgar Companion to Law and Economics'' ([[Cheltenham|Cheltenham, UK]] / [[Northampton, MA]]: [[Edward Elgar Publishing|Edward Elgar]], 2005), [https://books.google.com/books?id=EtguKoWHUHYC&pg=PA10 pp.&nbsp;10–15].</ref> An example would be the interpretation of one school district with low property tax revenue versus another with much higher revenue as a sign that more equal distribution occurs with the help of government redistribution.<ref>Paulsen, M. B., "The Economics of the Public Sector: The Nature and Role of Public Policy in the Finance of Higher Education", in M. B. Paulsen, J. C. Smart (eds.) ''The Finance of Higher Education: Theory, Research, Policy, and Practice'' (New York: Agathon Press, 2001), [https://books.google.com/books?id=BlkPAy-gb8sC&pg=PA95 pp. 95–132].</ref>