Comments on: Moral compass in the invisble hand http://enthusiasm.cozy.org/archives/2007/05/moral-compass-in-the-invisble-hand Ben Hyde Tue, 31 Jan 2012 13:18:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bhyde http://enthusiasm.cozy.org/archives/2007/05/moral-compass-in-the-invisble-hand/comment-page-1#comment-899 bhyde Sun, 20 May 2007 21:15:12 +0000 http://enthusiasm.cozy.org/archives/2007/05/moral-compass-in-the-invisble-hand/#comment-899 Santiago; Right, efficiency always serves one metric v.s. another. oh, and thanks - link is fixed. - ben Santiago;

Right, efficiency always serves one metric v.s. another.

oh, and thanks – link is fixed. – ben

]]> By: Santiago Gala http://enthusiasm.cozy.org/archives/2007/05/moral-compass-in-the-invisble-hand/comment-page-1#comment-898 Santiago Gala Sun, 20 May 2007 20:47:45 +0000 http://enthusiasm.cozy.org/archives/2007/05/moral-compass-in-the-invisble-hand/#comment-898 I recently blogged that I don't like "efficiency" as an overall economic drive, because it is not... eficient, say for the ants, to have an allmighty anthill. :) While I know it is difficult for economists to over-simplify on other principles, I'd bet on a slight increase in "friction", say Social Security or unemployment, over a 100% efficient "killer" economy. Oh, and The Financial Times link is broken (as seen from here). I recently blogged that I don’t like “efficiency” as an overall economic drive, because it is not… eficient, say for the ants, to have an allmighty anthill. :)

While I know it is difficult for economists to over-simplify on other principles, I’d bet on a slight increase in “friction”, say Social Security or unemployment, over a 100% efficient “killer” economy.

Oh, and The Financial Times link is broken (as seen from here).

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