4 ms·
> Okay, but whose definition of "efficient" are we using here? That's the problem. I have no better definition. I just have a feeling that the current economic
by beefield 8y ago
> Okay, but whose definition of "efficient" are we using here?
That's the problem. I have no better definition. I just have a feeling that the current economics 101 doctrine of free markets just might not be the right answer to all resource allocation problems. (I am vague on purpose who defines what is right and what is wrong. I have no answer to that, either. Just my personal opinion.)