#43 – Glen Weyl on Pluralism, Radical Markets, and Social Technology
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What Is the Fundamental Theorem of Welfare Economics?
Under certain conditions, markets lead to efficiency. But if there are things that create a value for people that increases as the number of people who consume it grows, markets won't do a kno. And those examples include anything tat you would callqo, expedential technology. This is also known as sub modularity a.
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