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by unishark
2232 days ago
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I've never heard of "models of market fairness", it sounds silly. I called the extreme where fairness was irrelevant an ideal. I take it you agree with that point. Though I don't see that much of what you are saying is particularly crushing to the ideal. In "the real world" one also doesn't need to switch jobs every day like a day trader changing stocks. I also take it you concede that pursuing fairness leads to reduced efficiency? You can't very well serve two optimals. |
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Efficiency of what? Yes, it reduces the efficiency by which overall wealth is created (whatever that means). And yes, it enhances the effiency by which a society provides for the needs of all.