Economic efficiency, liberalism, and AI

Some thoughts on "economic efficiency" and, near the end, on why super-intelligent AI cannot replace markets or democracy. Economic efficiency means enabling as many people as possible to get as much

Some thoughts on "economic efficiency" and, near the end, on why super-intelligent AI cannot replace markets or democracy. Economic efficiency means enabling as many people as possible to get as much as possible of what they prefer. Preferences are subjective. Preferences refer to (a) simple personal decisions (what to eat for lunch, what car to buy, where to live, who to marry, etc.) and (b) complex public matters (how you think others should behave, what kind of society you think we should hav