Zvi: AI Twitter awash in performative confusion over Econ 101 basics
TheZvi · x · 2026-09-21
TheZvi quotes tszzl's argument that "socially optimal resource allocation" is plain Econ 101 — when markets have positive or negative externalities, it's reasonable for law to patch them — and laments the wave of performative confusion this past week over basic concepts like externalities, market failure, coordination games, and collective action problems.
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