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, and road construction and maintenance. These inefficiencies are tolerated because they provide a lot of jobs and promote economic growth, making them functional inefficiencies.Some of these inefficient systems come with added environmental and health costs, meaning we sacrifice more than simple efficiency for the sake of jobs. Our inefficiencies may be functional, argues Peter Wenz, but they are too often harmful for us as well.The good news is that most of these inefficiencies can be reduced without increasing unemployment or impairing economic growth. Wenz explores different methods of combating unemployment, evaluating each method carefully to determine its basic efficiencies and inefficiencies, as well as its impact on human wellbeing and on the environment. He also assesses whether it is culturally and politically acceptable and actually serves to reduce unemployment. Some inefficiency will remain, he concludes, but its negative impacts can be lessened through increased investment in physical and human infrastructure.__Functional Inefficiency__ offers a wealth of details and a unique analysis of our economic system, plus hope for our future prospects through reduced inefficiency

upload/trantor/en/Wenz, Peter S/Functional Inefficiency.epub

upload/motw_shc_2025_10/shc/Functional Inefficiency_ The Un - Peter S. Wenz.epub

upload/motw_shc_2025_10/shc/Functional Inefficiency_ The Unexpected Be - Peter S. Wenz.epub

trantor/en/Wenz, Peter S/Functional Inefficiency.epub

motw/Functional Inefficiency_ The Un - Peter S. Wenz.epub

motw/Functional Inefficiency_ The Unexpected Be - Peter S. Wenz.epub

lgli/K:\_add\!woodhead\!\!!!\Functional Inefficiency - Peter S. Wenz.epub

lgrsnf/K:\_add\!woodhead\!\!!!\Functional Inefficiency - Peter S. Wenz.epub

nexusstc/Functional inefficiency : the unexpected benefits of wasting time and money/57b849d3752a0da795aca8dd5221d361.epub

zlib/Business & Economics/Wenz, Peter S/Functional inefficiency : the unexpected benefits of wasting time and money_2634812.epub

Peter S. Wenz University Scholar University of Illinois; emeritus professor of philosophy University

Globe Pequot

United States, United States of America

New York State, 2015

lg1424883

{"isbns":["1633880400","1633880419","9781633880405","9781633880412"],"last_page":444,"publisher":"Prometheus Books"}

Memory of the World Librarian: Slowrotation

Memory of the World Librarian: Quintus

Includes bibliographical references (pages 367-412) and index.

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, and road construction and maintenance. These inefficiencies are tolerated because they provide a lot of jobs and promote economic growth, making them functional inefficiencies.
Some of these inefficient systems come with added environmental and health costs, meaning we sacrifice more than simple efficiency for the sake of jobs. Our inefficiencies may be functional, argues Peter Wenz, but they are too often harmful for us as well.
The good news is that most of these inefficiencies can be reduced without increasing unemployment or impairing economic growth. Wenz explores different methods of combating unemployment, evaluating each method carefully to determine its basic efficiencies and inefficiencies, as well as its impact on human wellbeing and on the environment. He also assesses whether it is culturally and politically acceptable and actually serves to reduce unemployment. Some inefficiency will remain, he concludes, but its negative impacts can be lessened through increased investment in physical and human infrastructure.
Functional Inefficiency offers a wealth of details and a unique analysis of our economic system, plus hope for our future prospects through reduced inefficiency.
From the Hardcover edition.
**

"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"-- Provided by publisher

Content: 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.

2015-12-23