hmmm which kind of efficiency? like, in the technical economic sense of "all possible trades made" or some broader concept?
kind of the worst expression of Hayekian Fatal Conceit out of curiosity is this coming after a read of Illiberal Reformers?
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maybe of interest, recc'd: https://www.amazon.com/Illiberal-Reformers-Eugenics-Economics-Progressive/dp/0691169594 … how we went from these fuckers to Hayek + Friedman is a mystery to me
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