this, but also: things aren't completely unified because top-down control is an extremely difficult informational problem (the economic calculation problem hasn't been solved, nor will it)
-
-
I think it is characterized by searching for efficiency, through equilibria is impossible (it is escalatory). And that the market does the moving, not society, which in MM-style patchwork would be dissolved into the market.
-
and does it find efficiency, in general? is there a tendency towards some form of social and/or market efficiency?
-
personally I think not, but there does seem to be an interesting alignment between u/acc and some aspects of technocratic liberalism here
-
markets are a selection mechanism, the efficiency trend is merely an effect of that.
-
an accidental or inherent effect?
-
inherent, by definition.
-
So the existence of the market guarantees that society is moving (perhaps asymptotically) towards some form of social optimum.
-
you can't see the optima if you're not outside the topology. but there's an immanent criteria of selection (which is obscure, but generally understood as "efficiency").
- 21 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.