0 thoughts on “Moral compass in the invisble hand

  1. Santiago Gala

    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).

  2. bhyde

    Santiago;

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

    oh, and thanks – link is fixed. – ben

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