And similarly, here’s a quotation from economist George Stigler: “every durable social institution or practice is efficient.” (“Efficient” has a specific meaning in context. Don’t over-extend it to “good” or similar ideas.)
And similarly, here’s a quotation from economist George Stigler: “every durable social institution or practice is efficient.” (“Efficient” has a specific meaning in context. Don’t over-extend it to “good” or similar ideas.)