tag:blogger.com,1999:blog-18171692.post5015573918706051008..comments2023-10-03T12:20:53.726-04:00Comments on ¡Cecilieaux!: Efficiency vs. Well-beingCecilio Moraleshttp://www.blogger.com/profile/05283375962527765787noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-18171692.post-9680784080138154792009-02-09T12:05:00.000-05:002009-02-09T12:05:00.000-05:00I'm with Anon on this one. Yes, human beings are m...I'm with Anon on this one. Yes, human beings are monetarily inefficient. But the fact that the human race is not bankrupt shows me that there's more to society than money. As he said, efficiency is (or, at least, should be) about wellbeing, not necessarily profit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18171692.post-34391232581193537302009-02-07T22:01:00.000-05:002009-02-07T22:01:00.000-05:00You're right -- we're a waste and should all be re...You're right -- we're a waste and should all be replaced immediately.heartinsanfranciscohttps://www.blogger.com/profile/07535397382991383931noreply@blogger.comtag:blogger.com,1999:blog-18171692.post-31666331726314920732009-02-07T10:36:00.000-05:002009-02-07T10:36:00.000-05:00The post seemed pretty clear to me. Wouldn't that ...The post seemed pretty clear to me. Wouldn't that then make sense that some religions, cultures and societies banned usury because of it places efficiency (or profit) before people?<BR/><BR/>@Anon<BR/><BR/>Does equality belong in the equation? It seems to me that real equality is at odds with all forms of progress and civilisation, unless you're talking about people being given equal opportunities to progress, but that's not the same as the choices that a factory owner or government has in relation to the economy.<BR/><BR/>If a government, for instance wanted to make every equal economically then that's communism. Capitalism is the framework we are working in, so equality doesn't come into it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18171692.post-68654419891598971082009-02-07T00:23:00.000-05:002009-02-07T00:23:00.000-05:00I think your post creates a false dichotomy betwee...I think your post creates a false dichotomy between efficiency and well-being. When economists talk about efficiency, they mean getting the most well being out of the available inputs. If art produces more well-being than, say, finance, it is more efficient to invest in art than to invest in finance.<BR/><BR/>Of course, there are concerns completely apart from efficiency, like equality. The relative weight that we should give to these concerns is certainly up for debate. But I don't think anyone would want less efficiency, all other things equal.Anonymousnoreply@blogger.com