2 ms·

>Unilateral free trade is optimal already Can you elaborate on your definition of 'optimal', especially in the context of the law in the article that is trying

by bumby 4y ago

>Unilateral free trade is optimal already Can you elaborate on your definition of 'optimal', especially in the context of the law in the article that is trying to address trade that 'poses an unacceptable risk to national security'?

tenebrisalietum 4y ago
We get cheap electronics? Works well for commodities and physical items. Software/services are different - especially services where the real asset is user profile data.
- bumby 4y ago
  I think both takes levy artificial constraints on what gets considered. I.e., it’s only an economically “optimal” and may not be a “societal” optimal
  - eru 4y ago
    What is 'societal'?
    - bumby 4y ago
      “Relating to society or social relations” For example, you probably don’t pick your spouse or decide to have kids based solely on their economic contributions to your life, but are rather trying to optimize across more dimensions, including social considerations.
      - eru 4y ago
        Economics doesn't mind what preferences you have. Doesn't have to be about money.
        bumby 4y ago
        But maximizing economics does. That’s my point, we shouldn’t create a utility function based on just economics. We often do because it's easy and we're lazy.