Today in microeconomics, my teacher said "economics can be extraordinarily unfair, but it is remarkably efficient." She followed this by saying that many government programs "aimed at creating fairness, by necessity, create inefficiency".
So, my readers, all twelve of you - Are economic efficiency and fairness necessarily opposed? Are they opposite ends of the same spectrum?
Your thoughts in the comments section, please. I'm intrigued to get other minds looking at this.