LEADER 03168nam 2200529 450 001 9910825223603321 005 20160803134623.0 035 $a(CKB)3880000000000938 035 $a(SSID)ssj0001522349 035 $a(PQKBManifestationID)12582143 035 $a(PQKBTitleCode)TC0001522349 035 $a(PQKBWorkID)11461671 035 $a(PQKB)10062374 035 $a(MiAaPQ)EBC5893696 035 $a(EXLCZ)993880000000000938 100 $a20191003d2015 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFunctional inefficiency $ethe unexpected benefits of wasting time and money /$fPeter S. Wenz 210 1$aAmherst, New York :$cPrometheus Books,$d[2015] 210 4$dİ2015 215 $a1 online resource (444 pages) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-63388-040-0 311 $a1-63388-041-9 320 $aIncludes bibliographical references (pages 367-412) and index. 330 $a"How can we reduce unemployment? As this insightful and counterintuitive book shows, the surprising answer is inefficiency. Some of the most labor-intensive sectors of the economy, the author notes, are also the most inefficient. But this inefficiency is functional--rather than impairing the economy, it bolsters employment and fosters economic growth. Technological progress increases efficiency and reduces the need for workers in manufacturing, mining, agriculture, and many services. So how do we keep people working? By maintaining inefficiencies in other areas, such as in our systems of transportation and healthcare. The author documents the waste of time and money in hospital systems, the insurance and pharmaceutical industries, automotive travel, road construction, and road maintenance. These inefficiencies are tolerated because they provide a lot of jobs and promote economic growth, making them functional inefficiencies. Most of these inefficiencies can be reduced without increasing unemployment or impairing economic growth, the author claims, through increased investment in physical and human infrastructure. However, continued inefficiencies inherent in consumerism can't be eradicated without economic decline, making some inefficiency essential as well as functional. Functional Inefficiency offers a wealth of details and a unique analysis of our economic system, plus hope for our future prospects through reduced inefficiency"--$cProvided by publisher. 606 $aEconomic development$zUnited States 606 $aUnemployment$zUnited States 606 $aTechnological innovations$xEconomic aspects$zUnited States 607 $aUnited States$xEconomic policy$y21st century 615 0$aEconomic development 615 0$aUnemployment 615 0$aTechnological innovations$xEconomic aspects 676 $a330 686 $aBUS069000$aPHI034000$aSOC026000$2bisacsh 700 $aWenz$b Peter S.$01164812 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910825223603321 996 $aFunctional inefficiency$94076865 997 $aUNINA