Read on Twitter
clarke's third fundamental theorem of welfare economics states that any sufficiently advanced socialist economy is indistinguishable from a market economy
thats where i ended
where i started was thinking about the socialist calculation debate
where i started was thinking about the socialist calculation debate
specifically people who hope to use computers to make socialism a viable alternative to market economies face a problem not considered to the best of my knowledge
it turns out that as computational power increases and makes socialism more feasible in absolute terms, that computational power is also harnessed by market economies to dramatically reduce frictions increase _their_ absolute desirability
now this is a question of competing rates and my claim about the sign of the first derivative says nothing about magnitudes but i think it should make socialists less hopeful at least (it probably wont)
