3 ms·
Theory of the second best - https://en.wikipedia.org/wiki/Theory_of_the_second_best https://en.wikipedia.org/wiki/Theory_of_the_second_best Basically economics
by wisty 8y ago
Theory of the second best - https://en.wikipedia.org/wiki/Theory_of_the_second_best https://en.wikipedia.org/wiki/Theory_of_the_second_best
Basically economics talk for how the second best solution might not be close to the best solution (i.e. there are local maxima).
A perfectly free market might be theoretically best, but socialised healthcare might be better than a badly regulated private system.