Reddit mentions of Equality and Efficiency: The Big Tradeoff

We can talk about this all day. Information asymmetry in particular can cry out for dialing back a free market. Just realize that it still has an inefficiency cost. Society just needs to make sure it's willing to pay that cost for equality. It needs to be balanced. In some situations its a great idea. In others, I think market intervention causes too little equality in exchange for too much inefficiency. Thus, too much free market and too much socialism are both bad things, in my opinion.

This book (which has it's flaws, like any human endeavor) has influenced me quite a bit on this point: Arthur Okun, Equality and Efficiency: The Big Tradeoff