I love this line from the Financial Time’s blog.
With staggering faith in the moral compass of market forces, the Economist sanguinely concludes…”
People to seem to become sympathetic to certain issues only when they show up in their living room.
I love this line from the Financial Time’s blog.
With staggering faith in the moral compass of market forces, the Economist sanguinely concludes…”
People to seem to become sympathetic to certain issues only when they show up in their living room.
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).
Santiago;
Right, efficiency always serves one metric v.s. another.
oh, and thanks – link is fixed. – ben