So who is this Pareto dude?
So I am studying for my qualifying exams still at the moment and can tell you everything I need to about setting up a LaGrangian, taking partial derivatives, maximizing utility functions w.r.t. budget constraints, etc., but today I realize, my god!, I don’t really know why I am doing this. I could not explain what exactly I am doing to anyone, much less the exam administrator! I feel like I have no intuition whatsoever behind anything that I am doing, but the math makes sense. Surely this is a problem! But look on the bright side, at least I am one of the few students who knows who Pareto is when I have to prove whether something is Pareto Optimal or not! There is still hope for some of us struggling through economic theory in today’s world!
