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Economist on "An Equilibrium of No Free Energy"

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effective-altruism.com/ea/1gd/an_equilibrium_of_no_free_energy/

"I am now going to introduce some concepts that lack established names in the economics literature—though I don’t believe that any of the basic ideas are new to economics.

First, I want to distinguish between the standard economic concept of efficiency (as in efficient pricing) and the related but distinct concepts of inexploitability and adequacy, which are what usually matter in real life."


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