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Unlearning Economics: Jon Erickson, Josh Farley, Steve Keen, & Kate Raworth | Reality Roundtable #03

The Great Simplification with Nate Hagens

CHAPTER

The Tradeoff Between Efficiency and Equity

Mainstream economists claim there's this tradeoff between efficiency and equity. The more unequitably distributed resources are, the less efficient our economy becomes. Small decrease in food prices leads prices to skyrocket. For essential resources, the less we produce, the more they contribute to GDP.

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