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> If there were only some way to allocate resources based on their most productive means. If that were the case, we'd have optimal formulas to allocate goods t
by Karrot_Kream 5y ago
> If there were only some way to allocate resources based on their most productive means.
If that were the case, we'd have optimal formulas to allocate goods throughout the economy and market economics would be completely obsolete. Whatever your position on markets, the reason they exist is because we don't know how to most efficiently allocate goods a priori. Markets and prices offer us a mechanism, however imperfect and prone to externalities, to allocate resources efficiently. You'd also probably be able to solve the Knapsack problem and the Multi-Armed Bandit problem. I'd love something like this also, but I'm not holding my breath.