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S E13: Economic Surplus - Getting the Most out of Life

Think Like An Economist

CHAPTER

Is There a Difference Between Economic Efficiency and Socialism?

Economic surplus actually lets us have that debate. Can a system of socialism create as much surplus or joy in the world as possible, or does a capitalist system do better? But maximizing surplice still misses some really important things like equity. I think i'm starting to sour on economic efficiency.

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