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David Friedman - Dating Markets, Legal Systems, Bitcoin, and Automation
Dwarkesh Podcast
The Bureaucrat God and the Economics of Efficient Markets
The bureaucrat god is my attempt to make sense of what economists mean by economically efficient. It's a useful concept, but you have to recognize that once you get to a fully realistic picture of any system, you're not going to achieve it. All you can do is say, well, in this approximation, you would achieve it. And then you have some feel of how much breaking the approximation messes it up. So you think about economics and like you.
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