Reply #79: The problem

[Viking12]

with your defense of Wallly World is that you unrealistically reduce life to economic efficiency, humans to homo economus. To take such a recutionistic view of the world is too deny the limitations of that perspective. Economic effciency can't account for non-market values, i.e quality of life. Brute economic effciency is essentially un-democractic, one-dollar-one-vote rather than one-person-one-vote. Furthermore, economic efficiency is premised on twin false premises: 1) humans are privy to all relevant information when making economic decsions, 2) humans inherently act in their rationale best economic interest.