What's the mark of an efficient & morally satisfactory economic system?

Question

This the fully worded Q which would not fit the small Q-box we all see first: What's the mark/sign/character of an efficient & morally satisfactory economic system--irrespective of ideological & theoretical issues?

Answer 1

The marks for efficient:

.- Productivity per capita

.- Productivity per worker

.- Employment, because an economy with high rate of unemployment are missing resources

.- Inflation, because a high rate of inflation create a distortion that impede to economic agents to take decisions with a good sense of productivity.

The marks for morally could be too subjective and depends of criteria of people; some economists sustain morally criteria are not aligned to efficient criteria.

.- Distribution of wealth

.- Indicators of health of children

.- Social security

.- Indicators of liberty.

Others the same

Answer 2

When the lowliest worker outlives a King of the 1800's, yet still complains about injustices and a lack of opportunity.

http://www.youtube.com/watch?v=U52UnHDzU...

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Answer 3

the system would allow individuals to use their own preference to determine the value for goods.

to enforce property rights.

to ensure all costs are bore by those who benefit