“But you can’t achieve allocative efficiency by random chance.”
I wasn’t suggesting taking any ‘random’ chances. People make decisions that may not always be good decisions, but they are rarely ‘random.’
“The odds of a random individual deciding to take a class, putting the information from that class to use, making themselves happy and those actions making the overall society more efficient are staggeringly low.”
The individual is not being chosen at random. We’re talking about individuals deciding what they want to do with their lives.
““Happy” isn’t an economic factor and shouldn’t be sold to the public as one.”
I disagree. The success of an economy and the well-being and happiness of its people are not two separate things. They are closely interlinked. Indeed, one might argue that they are almost one and same thing.