Re:Markets are efficient if and only if P=NP (2010)
by rocqua on Wednesday October 21, 2020 @08:54AM
(#24847320)
It seems quite obvious that 'competition' between the various 'planned economies' and choice between them by consumers is generally a good thing. One that would not work for a fully centrally planned economy.
That said, it is indeed quite interesting to figure out at what size such central planning starts to become non viable. And for that the observations: "It is viable for wallmart, but not for all of the USA" give some interesting bounds.
That said, it is indeed quite interesting to figure out at what size such central planning starts to become non viable. And for that the observations: "It is viable for wallmart, but not for all of the USA" give some interesting bounds.