Functional Inefficiency Book Download

Functional Inefficiency PDF
By:Peter S. Wenz
Published on 2015 by

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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 Inefficiencyaoffers a wealth of details and a unique analysis of our economic system, plus hope for our future prospects through reduced inefficiency.

This Book was ranked at 41 by Google Books for keyword automotive insurance solutions.

Book ID of Functional Inefficiency's Books is zbVvDwAAQBAJ, Book which was written byPeter S. Wenzhave ETAG "eR96LMT7ykA"

Book which was published by since 2015 have ISBNs, ISBN 13 Code is 9781633880405 and ISBN 10 Code is 1633880400

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Book which have "444 Pages" is Printed at BOOK under CategoryBusiness and Economics

Book was written in en

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