Functional Inefficiency: The Unexpected Benefits of Wasting Time and Money
Functional Inefficiency: The Unexpected Benefits of Wasting Time and Money
by Peter S. Wenz
MRP: ₹2521
₹1887
₹ 634 Off
(Incl. of all taxes)
Qty
Buying in bulk?
In stock
Deliver to
7-day returns
Secure payment
International shipping
Carefully packed
Get this at ₹ 1793Extra 5% OffAdd items worth ₹999 to the cart & get extra 5% off
Get this at ₹ 1698Extra 10% OffAdd items worth ₹1499 to the cart & get extra 10% off
Product Specifications
Book Summary
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
ISBN-13
9781633880405
Language
English
Binding
Hard Bound
Publisher
Prometheus Books
Publishing Date
2015-06-09
Total Pages
415
Functional Inefficiency: The Unexpected Benefits of Wasting Time and Money
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