3 ms·
Economists commonly talk this way. They talk about "the optimal allocation policy of a Social Planner", and use other such language. In reality the planner is t
by tuatoru 3y ago
Economists commonly talk this way. They talk about "the optimal allocation policy of a Social Planner", and use other such language. In reality the planner is the market, possibly with a few hints from government policies.
This is understood by other economists but is disconcerting for real people.