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

The Great Simplification with Nate Hagens

CHAPTER

How to Ration Essential Resources in a War

When we rely on markets, we're going to allocate resources to those who can afford them leaving the poor to suffer miserably. We rely on price rationing without ever saying so. What if we ration based on physiological need for essential resources? I think it would be a far more efficient system in terms of creating human welfare. How could we get it right? And then we'll go to Kate.

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