Talk:Economic efficiency

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Intro needs to be changed[edit]

The introduction needs work, as it appears below, it does not concur with the standard use of the term efficiency in economics. --lk (talk) 09:28, 21 November 2007 (UTC)

Economic efficiency is a general term for the value assigned to a situation by some measure designed to capture the amount of waste or "friction" or other undesirable economic features present. The term microeconomic reform refers to any policy designed to increase economic efficiency.

The phrase "The efficiency of an economy is used to determine how well an economic system serves society." is not appropriate. "How well an economic system Italic textservices societyItalic text is a normative goal. It is true that some do use the concept to make a judgement about "the service" to the society, but it implies a political goal. MH —Preceding unsigned comment added by 68.127.146.62 (talk) 03:57, 26 January 2008 (UTC)

Fair use rationale for Image:Pyat rublei 1997.jpg[edit]

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BetacommandBot 11:26, 6 July 2007 (UTC)

…Knowing the Value of The Dollar and exactly what Backs and or Represents the Dollar would be an evaluational effort towards economic efficiencyDavid George DeLancey (talk) 21:40, 18 March 2008 (UTC)

First Assumption Is Either Trivial or Inane[edit]

"No one can be made better off without making someone else worse off"

Opportunity cost makes this a universal rule. When you use a resource for one thing, you cannot use it for another. —Preceding unsigned comment added by 74.14.73.68 (talk) 16:39, 16 July 2010 (UTC)