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A comment on Unsolved problems in economics. Parent comment

Re:Unsolved problems in economics by ttfkam on Tuesday May 17, 2022 @10:15AM (#31411006)
Many industries got rid of deadweight only to find during the pandemic they and their industry had lost resilience when circumstances changed (which they always do).

See: CPUs and GPUs in 2020-2021, baby formula in 2022, etc.

It can absolutely be a judgment call.

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Re:Unsolved problems in economics by wbsss4412 on Tuesday May 17, 2022 @11:06AM (#31411804)
Deadweight loss refers to a net reduction in consumer+producer surplus within the economy.

It has nothing to do with the everyday meaning of the term “deadweight”.

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Re:Unsolved problems in economics by ttfkam on Tuesday May 17, 2022 @11:27AM (#31412118)
TIL
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Re:Unsolved problems in economics by colinmhayes on Tuesday May 17, 2022 @10:26AM (#31411184)
deadweight loss has a specific meaning in economics.
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Re:Unsolved problems in economics by ttfkam on Tuesday May 17, 2022 @11:26AM (#31412114)
TIL
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