Re:New Wyoming bill forbids utilities from using renewables
by smallnamespace on Monday January 23, 2017 @02:46AM
(#13460571)
> I do not believe economics defines "fair" allocations of wealth / income.
Indeed, however economics does allow you to input your own definition of what 'fair' is, and it makes suggestions on how to fulfill that definition in the most efficient way.
Market failures or inefficiencies, the impact of taxes and subsidies, positive/negative externalities are things. Job training may have enough positive externalities such that it would be efficient to subsidize it, but not because of a concept of fairness to someone. Economic actors should be rational enough to seek it out themselves if it maximizes their net benefit.