# Kaldor-Hicks improvement

> English word · Noun

## Definitions
1. An economic reallocation of resources among people, such that those who are made better off could hypothetically compensate those who are made worse off and lead to a Pareto-improving outcome.

## Etymology
Named for Nicholas Kaldor and John Hicks.

## Source
Compiled from Wiktionary via kaikki.org (CC BY-SA). Data vintage: 2026-05-06.
Canonical page: https://plainspell.com/en/word/kaldor-hicks-improvement