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Overcoming Bias Commenter's avatar

So for pure economic efficiency to be world utility maximizing, you would have to agree with this weighting, which implies that ceterus paribus it is far more important to satisfy the desires of those with a lot of wealth, than those with only a little.Again, with might = right; people with more money will have more access to goods and therefor potential for material satisfaction. This isn't a problem, it's a tautology.

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Robin Hanson's avatar

Michael, you misunderstand what policies efficiency supports.

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