Halstead comments on Economics, prioritisation, and pro-rich bias   - Effective Altruism Forum

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Comment author: Halstead 03 January 2018 02:48:56PM *  0 points [-]

but people in economics do make the argument that charging prices such that supply and demand are in equilibrium improves allocative efficiency.

Comment author: [deleted] 03 January 2018 02:58:54PM 0 points [-]

Relative to what?

Comment author: Halstead 03 January 2018 03:19:04PM 0 points [-]

relative to charging prices where demand is in excess of supply

Comment author: [deleted] 08 January 2018 12:25:07PM 0 points [-]

for the reasons i explained above, i think many economists believe this is true (in many situations). But they don't use the argument you attribute to them to do so.