PDA

View Full Version : Distribution by lottery

THIRSTforWISDOM
July 19th 2007, 12:11 AM
Some would have us all believe that free markets are undoubtedly the most efficient, optimal means of distributing scarce resources and meeting as many needs as possible of as many people as possible, it seems.

With that background in mind, please consider this question: Where would a system of distributing resources through a lottery (randomly) rank in efficiency?
Ryokan
July 22nd 2007, 05:22 PM
Some would have us all believe that free markets are undoubtedly the most efficient, optimal means of distributing scarce resources and meeting as many needs as possible of as many people as possible, it seems.

With that background in mind, please consider this question: Where would a system of distributing resources through a lottery (randomly) rank in efficiency?

Fairly low. Your are going to have a tough time making the case capitalism is a lottery style system though