Earlier quoted context omitted.
The problem of maximizing your self-interest in a market is general enough that finding a solution to it can require solving an NP-hard problem. This is actually true, real financial problems are NP-hard. The market does not optimize for resource distribution, it optimizes for profit. It is tyrannical in that it removes your agency, as a member of the market you have no other choice but to optimize for profit in many…
Do you have an example of an NP hard problem a person would have to solve on the process of optimizing for self interest? A market optimizes for whatever the participant wants, profit is simply a mechanism by which the overall market performs price discovery. You always have a choice to not optimize for profit, I make trades all the time where profit is not my goal. Just choosing a job and being kindly allowed a smal…
I don't assume that planning an economy would require solving NP-hard problems to outperform the market because I am certain that the market itself cannot solve them efficiently.
As for resources, us as a society already dedicate trillions of dollars a year to market planning - its called profits and capital gains, as well as the entire finance and real estate industry. As long as the planning system requires less than a trillion dollars a year to run even without being more efficient than the market at whichever cost function we choose it will be more efficient overall.