So that's an argument from fairness,

这就是关于公平的争论
but it doesn't interfere,

但这并不冲突
it doesn't contradict the economic argument that

这与经济理论并不矛盾
fair or unfair it's still efficient.

公平或不公平都是有效的
We've done as well as we could making everyone as happy as we can.

我们尽可能做到最好使大家开心
Maybe we can hurt someone and help someone else

也许我们能伤害一些人以帮助其他人
but we can't help everyone at the same time,

但我们不能同时帮助所有人
whereas most regulation the

反之大多数政策
argument in favor of regulation

及利于政策的争论认为
is you're helping everybody by regulating,

你可以通过规范来帮助别人
and this says you can't ever do that.

而此学说认为你不能这样做
So what's missing?

那么我们漏掉了什么