Yeah I think I should have framed this better. It would be very attractive if all inequality was caused by rent seeking and other market imperfections. But if some of the inequality comes intrinsically with a perfectly functioning market you’ll always face some tradeoff between inequality and using the price mechanism.
Yeah I think I should have framed this better. It would be very attractive if all inequality was caused by rent seeking and other market imperfections. But if some of the inequality comes intrinsically with a perfectly functioning market you’ll always face some tradeoff between inequality and using the price mechanism.