40 sats \ 1 reply \ @Undisciplined 13 Oct 2023 \ parent \ on: Intercontinental energy grids. 🌎←♻️→🌍 bitcoin
Is there a relationship between minimized local entropy and Pareto Efficiency?
I've thought about economic order in entropy terms as an analogy, but I've never looked into how literal that relationship is.
Well, yes, in the sense that all economic decision makers operate to move toward the Pareto frontier, and that movement proceeds at maximum speed when you have free markets, which only are really free when you have sound money.
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