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The Resource Functional inefficiency : the unexpected benefits of wasting time and money, Peter S. Wenz

Functional inefficiency : the unexpected benefits of wasting time and money, Peter S. Wenz

Label
Functional inefficiency : the unexpected benefits of wasting time and money
Title
Functional inefficiency
Title remainder
the unexpected benefits of wasting time and money
Statement of responsibility
Peter S. Wenz
Creator
Subject
Language
eng
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 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.--
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Wenz, Peter S
Dewey number
330
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Unemployment
  • Technological innovations
  • Economic development
  • United States
Label
Functional inefficiency : the unexpected benefits of wasting time and money, Peter S. Wenz
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Introduction: How inefficiency can be beneficial -- Idling workers I: convicts and women -- Manufacturing for international markets -- Environmental limits: food and water -- Environmental limits: food and warming -- Functional inefficiency in transportation -- Functional inefficiency in healthcare -- Consumerism and individual discontent -- Consumerism, competition, and social disaffection -- Idling workers II: more vacations and paid leaves, fewer hours, and earlier retirement -- Physical infrastructure and public goods -- Human infrastructure -- The service sector and indefinite economic growth -- Summary and conclusions
Control code
FIEb17724776
Dimensions
24 cm.
Extent
444 pages
Isbn
9781633880405
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)890757783
Label
Functional inefficiency : the unexpected benefits of wasting time and money, Peter S. Wenz
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Introduction: How inefficiency can be beneficial -- Idling workers I: convicts and women -- Manufacturing for international markets -- Environmental limits: food and water -- Environmental limits: food and warming -- Functional inefficiency in transportation -- Functional inefficiency in healthcare -- Consumerism and individual discontent -- Consumerism, competition, and social disaffection -- Idling workers II: more vacations and paid leaves, fewer hours, and earlier retirement -- Physical infrastructure and public goods -- Human infrastructure -- The service sector and indefinite economic growth -- Summary and conclusions
Control code
FIEb17724776
Dimensions
24 cm.
Extent
444 pages
Isbn
9781633880405
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)890757783

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