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This is a definition of (neoclassical) economic "efficiency", aka Pareto efficiency. Making sure that all resources available are all used up to maximum. That'
by js8 5y ago
This is a definition of (neoclassical) economic "efficiency", aka Pareto efficiency. Making sure that all resources available are all used up to maximum.
That's what they mean when they say "markets are efficient". Side effects of this ideology are stressed out people and destroyed planet.